Polar Asset Management Partners Inc. acquired a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 23,400 shares of the basic materials company's stock, valued at approximately $2,008,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wolff Wiese Magana LLC acquired a new stake in shares of CF Industries during the 3rd quarter valued at $28,000. Brooklyn Investment Group acquired a new position in shares of CF Industries in the 3rd quarter valued at $39,000. Quent Capital LLC lifted its stake in CF Industries by 132.1% during the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company's stock valued at $43,000 after buying an additional 284 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 191 shares during the period. Finally, Kimelman & Baird LLC purchased a new stake in shares of CF Industries in the 2nd quarter valued at approximately $50,000. 93.06% of the stock is currently owned by institutional investors.
CF Industries Price Performance
Shares of CF Industries stock traded down $0.95 during mid-day trading on Friday, reaching $88.43. 1,197,757 shares of the stock were exchanged, compared to its average volume of 2,059,025. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $94.46. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The firm has a 50-day simple moving average of $86.54 and a 200 day simple moving average of $80.24.
CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.50. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. CF Industries's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, sell-side analysts predict that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.
CF Industries Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.26%. CF Industries's dividend payout ratio (DPR) is presently 31.65%.
Wall Street Analysts Forecast Growth
CF has been the topic of several recent analyst reports. Scotiabank boosted their target price on shares of CF Industries from $80.00 to $88.00 and gave the company a "sector perform" rating in a research note on Monday, August 12th. Barclays boosted their price objective on CF Industries from $90.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. UBS Group lifted their price target on CF Industries from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Monday, August 26th. Mizuho increased their price objective on CF Industries from $76.00 to $93.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Finally, Bank of America cut shares of CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 target price for the company. in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $88.42.
View Our Latest Stock Analysis on CF
Insider Activity at CF Industries
In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total transaction of $325,010.00. Following the transaction, the executive vice president now owns 62,768 shares of the company's stock, valued at approximately $5,828,636.48. This represents a 5.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value of $264,000.00. Following the completion of the sale, the executive vice president now directly owns 103,155 shares of the company's stock, valued at $9,077,640. This trade represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,701 shares of company stock valued at $2,052,704 over the last ninety days. 0.42% of the stock is owned by insiders.
CF Industries Company Profile
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Free Report)
CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.
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