Tredje AP fonden Decreases Position in CF Industries (CF)

Tredje AP fonden cut its holdings in CF Industries (NYSE:CF) by 8.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,110 shares of the basic materials company’s stock after selling 1,400 shares during the period. Tredje AP fonden’s holdings in CF Industries were worth $608,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Platinum Investment Management Ltd. acquired a new stake in CF Industries during the fourth quarter worth about $69,077,000. Massachusetts Financial Services Co. MA grew its stake in CF Industries by 41.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,780,097 shares of the basic materials company’s stock worth $180,352,000 after buying an additional 1,391,605 shares in the last quarter. Mackay Shields LLC acquired a new stake in CF Industries during the first quarter worth about $30,773,000. Cornerstone Capital Management Holdings LLC. grew its stake in CF Industries by 814.1% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 832,786 shares of the basic materials company’s stock worth $35,425,000 after buying an additional 741,681 shares in the last quarter. Finally, Fosun International Ltd acquired a new stake in CF Industries during the first quarter worth about $22,045,000. Institutional investors and hedge funds own 98.48% of the company’s stock.

A number of equities research analysts have issued reports on CF shares. Zacks Investment Research upgraded shares of CF Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Royal Bank of Canada set a $37.00 price objective on shares of CF Industries and gave the stock a “sell” rating in a research note on Thursday, February 15th. Scotiabank set a $35.00 price target on shares of CF Industries and gave the company a “hold” rating in a research note on Thursday, February 15th. Piper Jaffray Companies set a $44.00 price target on shares of CF Industries and gave the company a “hold” rating in a research note on Thursday, February 15th. Finally, Cowen restated a “market perform” rating and issued a $40.00 price target (up from $33.00) on shares of CF Industries in a research note on Tuesday, February 20th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.71.

In related news, VP Adam L. Hall sold 15,540 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $40.53, for a total value of $629,836.20. Following the completion of the transaction, the vice president now owns 39,566 shares in the company, valued at approximately $1,603,609.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Shares of NYSE CF opened at $41.41 on Friday. The company has a market capitalization of $9.63 billion, a P/E ratio of -165.64, a price-to-earnings-growth ratio of 7.43 and a beta of 1.10. CF Industries has a 1 year low of $25.65 and a 1 year high of $45.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.65 and a quick ratio of 2.01.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, May 2nd. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10. The business had revenue of $957.00 million during the quarter, compared to analyst estimates of $1.05 billion. CF Industries had a net margin of 10.96% and a negative return on equity of 0.11%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS. analysts forecast that CF Industries will post 0.93 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Tuesday, May 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.90%. CF Industries’s dividend payout ratio (DPR) is presently -480.00%.

About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, Other, and Phosphate segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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