Koch Industries Inc. Buys Shares of 7,327 CF Industries Holdings, Inc. (CF)
Koch Industries Inc. bought a new position in CF Industries Holdings, Inc. (NYSE:CF) during the fourth quarter, HoldingsChannel reports. The firm bought 7,327 shares of the basic materials company’s stock, valued at approximately $312,000.
Several other institutional investors and hedge funds have also bought and sold shares of CF. Tower Research Capital LLC TRC grew its position in CF Industries by 451.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,157 shares of the basic materials company’s stock worth $134,000 after purchasing an additional 2,585 shares in the last quarter. Delphi Private Advisors LLC bought a new stake in CF Industries in the 4th quarter worth about $144,000. Stuart Chaussee & Associates Inc. bought a new stake in CF Industries in the 4th quarter worth about $144,000. Steward Partners Investment Advisory LLC bought a new stake in CF Industries in the 3rd quarter worth about $183,000. Finally, First Allied Advisory Services Inc. bought a new stake in CF Industries in the 4th quarter worth about $210,000.
A number of brokerages have issued reports on CF. Zacks Investment Research raised shares of CF Industries from a “sell” rating to a “hold” rating and set a $48.00 price objective for the company in a research report on Friday, February 23rd. Stephens set a $43.00 price objective on shares of CF Industries and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Bank of America downgraded shares of CF Industries from a “buy” rating to an “underperform” rating and set a $40.00 price objective for the company. in a research report on Thursday, March 8th. TheStreet raised shares of CF Industries from a “c+” rating to a “b-” rating in a research report on Friday, March 9th. Finally, Citigroup downgraded shares of CF Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. CF Industries currently has an average rating of “Hold” and a consensus price target of $38.14.
CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 14th. The basic materials company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.06. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $988.91 million. CF Industries had a net margin of 8.67% and a negative return on equity of 0.92%. CF Industries’s revenue was up 26.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.39) EPS. sell-side analysts forecast that CF Industries Holdings, Inc. will post 0.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, February 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Thursday, February 15th. CF Industries’s payout ratio is currently 78.95%.
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CF Industries Company 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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