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Two Sigma Investments LP cut its stock position in CF Industries Holdings, Inc. (NYSE: CF – Get Rating) by 71.1% in the third quarter, according to its latest Securities and Exchange Commission filings. The fund owned 361,317 shares of the basic materials company after selling 890,335 shares during the quarter. Two Sigma Investments LP owned approximately 0.18% of CF Industries, valued at $34,777,000, as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also increased or decreased their stakes in CF recently. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CF Industries by 17.6% in the second quarter. Zurich Kantonalbank Zurich Kantonalbank owns 72,998 of his shares in a basic materials company valued at $6,258,000 after acquiring an additional 10,910 of his shares during the previous quarter. United Capital Financial Advisers LLC increased its CF Industries stake by 18.1% in the third quarter. United Capital Financial Advisers LLC now owns 3,669 shares of the underlying materials company valued at $353,000 after acquiring an additional 563 shares during the previous quarter. Balasa Dinverno & Foltz LLC increased its stake in CF Industries by 94.0% in the third quarter. Balasa Dinverno & Foltz LLC now owns 9,988 shares of the basic materials company worth $961,000 after acquiring an additional 4,839 of his shares during the previous quarter. ExodusPoint Capital Management LP increased its stake in CF Industries by 691.4% in the third quarter. ExodusPoint Capital Management LP owns 69,229 shares of a foundation materials company valued at $6,663,000 after acquiring an additional 60,481 shares during the previous quarter. Finally, CIBC Asset Management Inc increased its equity stake in CF Industries by 5.8% in the third quarter. CIBC Asset Management Inc owns 27,211 shares of a basic materials company valued at $2,619,000 after acquiring an additional 1,485 shares during the previous quarter. 92.94% of the shares are owned by institutional investors.
Analyst sets new price target
CF has been the subject of many recent analyst reports. Credit Suisse Group reaffirmed its “underperforming” rating and issued his $75.00 target price on CF Industries stock in a research note on Thursday, Feb. 16. UBS Group lowered its price target for CF Industries from $104.00 to $100.00 in a research report on Thursday, February 16, giving the company a ‘Buy’ rating. HSBC cut CF Industries’ rating from ‘buy’ to ‘hold’ and lowered the company’s price target to $90.00 from $104.00 in its research report on Tuesday, February 21. Citigroup lowered its price target for CF Industries from $126.00 to $100.00, giving the company a ‘Buy’ rating in its research report on Friday, January 20th. Finally, Barclays lowered CF Industries’ price target from $120.00 to $115.00 in his Friday, January 27 research report, giving the company an “overweight” rating. One of his stock research analysts issued a sell rating, six issued a hold rating, and seven issued a buy rating. Based on MarketBeat.com data, the current consensus rating for the stock is ‘Hold’ with an average price target of $106.58.
CF Industries trades down 3.7%
Shares of CF Industries opened at $81.11 on Friday. The company has an equity ratio of 0.38, a quick ratio of 3.22 and a current ratio of 3.69. CF Industries Holdings, Inc. has a 52-week low of $79.18 and a 52-week high of $119.60. His 50-day moving average price for this stock is $84.97 and its 200-day moving average price is $96.24. The stock has a market cap of $15.88 billion, a PE ratio of 4.97, a price/earnings ratio of 1.41, and a beta of 1.05.
CF Industries (NYSE:CF – Get Rating) last released its quarterly earnings data on Thursday, Feb. 16. The basic materials company reported his EPS of $4.35 for the quarter, $0.22 above analyst consensus expectations of $4.13. CF Industries had a return on equity of 48.59% and a net profit margin of 29.91%. The company posted revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the company posted his $3.71 earnings per share. The company’s revenue for the quarter increased 2.7% compared to the same quarter last year. As a group, equity analysts expect CF Industries Holdings, Inc. to post his 9.94 earnings per share for the current financial year.
CF Industries Announces Dividend
The company recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Wednesday, February 15 were awarded a dividend of $0.40 per share. The ex-dividend date for this dividend was Tuesday, February 14. This represents his $1.60 dividend and his 1.97% dividend yield on an annualized basis. CF Industries’ dividend payout ratio is 9.80%.
About CF Industries
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CF Industries Holdings, Inc is engaged in the manufacture and sale of nitrogen fertilizers. The company owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates in the Ammonia, Granular Urea, UAN, AN and Other segments.
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