Anchor Bolt Capital LP increased its position in CF Industries Holdings, Inc. (NYSE:CF) by 679.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 711,223 shares of the basic materials company’s stock after purchasing an additional 619,928 shares during the period. Anchor Bolt Capital LP owned approximately 0.30% of CF Industries worth $25,007,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in CF. Saratoga Research & Investment Management purchased a new stake in CF Industries in the 3rd quarter worth approximately $108,000. Ffcm LLC grew its holdings in CF Industries by 218.4% during the 2nd quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock valued at $118,000 after buying an additional 2,772 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in CF Industries during the 2nd quarter valued at approximately $126,000. BT Investment Management Ltd purchased a new stake in CF Industries during the 2nd quarter valued at approximately $126,000. Finally, Pacer Advisors Inc. grew its holdings in CF Industries by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 4,648 shares of the basic materials company’s stock valued at $130,000 after buying an additional 355 shares in the last quarter.
A number of research analysts have recently commented on CF shares. Piper Jaffray Companies reiterated a “hold” rating and set a $28.00 target price on shares of CF Industries in a research report on Tuesday, September 5th. Zacks Investment Research downgraded CF Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. UBS Group restated a “buy” rating and issued a $40.00 price target (up from $33.00) on shares of CF Industries in a research report on Wednesday, October 4th. BMO Capital Markets reiterated an “outperform” rating and set a $38.00 target price (up from $35.00) on shares of CF Industries in a research report on Friday, October 6th. Finally, assumed coverage on CF Industries in a research note on Wednesday, October 11th. They set a “hold” rating and a $36.30 price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $34.95.
CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.04). CF Industries had a negative return on equity of 2.29% and a negative net margin of 10.95%. The firm had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $733.63 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. equities research analysts anticipate that CF Industries Holdings, Inc. will post -0.35 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Tuesday, November 14th. CF Industries’s payout ratio is currently -65.57%.
In other news, Director Stephen A. Furbacher sold 3,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total value of $126,000.00. Following the transaction, the director now owns 50,854 shares of the company’s stock, valued at approximately $1,830,744. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Bert A. Frost sold 7,500 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total value of $273,750.00. Following the transaction, the vice president now directly owns 67,232 shares in the company, valued at approximately $2,453,968. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
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About CF Industries
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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