Carillon Tower Advisers Inc. raised its stake in CF Industries Holdings, Inc. (NYSE:CF) by 2.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 90,595 shares of the basic materials company’s stock after purchasing an additional 1,974 shares during the quarter. Carillon Tower Advisers Inc.’s holdings in CF Industries were worth $3,704,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Natixis Advisors L.P. lifted its position in CF Industries by 85.7% in the fourth quarter. Natixis Advisors L.P. now owns 36,895 shares of the basic materials company’s stock valued at $1,605,000 after purchasing an additional 17,025 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of CF Industries by 3.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,967 shares of the basic materials company’s stock valued at $607,000 after buying an additional 407 shares during the period. NuWave Investment Management LLC increased its stake in shares of CF Industries by 2,856.2% during the first quarter. NuWave Investment Management LLC now owns 2,158 shares of the basic materials company’s stock valued at $88,000 after buying an additional 2,085 shares during the period. Scout Investments Inc. increased its stake in shares of CF Industries by 3.7% during the first quarter. Scout Investments Inc. now owns 134,896 shares of the basic materials company’s stock valued at $5,515,000 after buying an additional 4,840 shares during the period. Finally, Banco Santander S.A. purchased a new position in shares of CF Industries during the fourth quarter valued at approximately $520,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.
CF has been the topic of several research analyst reports. ValuEngine raised CF Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Cowen reissued an “outperform” rating and set a $56.00 target price (down from $62.00) on shares of CF Industries in a research note on Tuesday, April 23rd. Bank of America cut CF Industries from a “buy” rating to an “underperform” rating and reduced their target price for the company from $50.00 to $38.00 in a research note on Thursday, April 18th. Citigroup reduced their target price on CF Industries from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, February 19th. Finally, Barclays reissued a “neutral” rating on shares of CF Industries in a research note on Friday, February 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. CF Industries has a consensus rating of “Hold” and a consensus target price of $50.41.
CF Industries (NYSE:CF) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). CF Industries had a return on equity of 4.81% and a net margin of 7.09%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 1.99 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s dividend payout ratio is presently 96.77%.
In other CF Industries news, Director Stephen A. Furbacher sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $42.01, for a total transaction of $126,030.00. Following the completion of the transaction, the director now owns 47,190 shares in the company, valued at approximately $1,982,451.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.
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About CF Industries
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.
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