King Luther Capital Management Corp Sells 12,045 Shares of CF Industries Holdings, Inc. (CF)
King Luther Capital Management Corp cut its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 40.3% during the fourth quarter, Holdings Channel reports. The fund owned 17,865 shares of the basic materials company’s stock after selling 12,045 shares during the period. King Luther Capital Management Corp’s holdings in CF Industries were worth $760,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of CF. Tower Research Capital LLC TRC boosted its position in CF Industries by 451.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,157 shares of the basic materials company’s stock worth $134,000 after acquiring an additional 2,585 shares during the last quarter. Delphi Private Advisors LLC acquired a new position in CF Industries during the fourth quarter worth about $144,000. Stuart Chaussee & Associates Inc. acquired a new position in CF Industries during the fourth quarter worth about $144,000. Steward Partners Investment Advisory LLC acquired a new position in CF Industries during the third quarter worth about $183,000. Finally, Greenwood Capital Associates LLC acquired a new position in CF Industries during the third quarter worth about $201,000.
A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of CF Industries in a research report on Wednesday, February 21st. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of CF Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Atlantic Securities lowered shares of CF Industries from a “neutral” rating to an “underweight” rating in a research report on Tuesday, November 14th. They noted that the move was a valuation call. Royal Bank of Canada lifted their target price on shares of CF Industries from $27.00 to $32.00 and gave the stock an “underperform” rating in a research note on Friday, November 3rd. Finally, BMO Capital Markets lifted their target price on shares of CF Industries from $38.00 to $43.00 and gave the stock a “market perform” rating in a research note on Friday, November 3rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.02.
CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, February 14th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $988.91 million. CF Industries had a net margin of 8.67% and a negative return on equity of 0.92%. The business’s revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.39) EPS. equities analysts predict that CF Industries Holdings, Inc. will post 0.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Thursday, February 15th. CF Industries’s dividend payout ratio (DPR) is 33.43%.
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CF Industries Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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