Russell Investments Group Ltd. decreased its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 61.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,148 shares of the basic materials company's stock after selling 176,571 shares during the period. Russell Investments Group Ltd. owned 0.06% of CF Industries worth $9,569,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mizuho Bank Ltd. purchased a new stake in CF Industries in the 4th quarter valued at approximately $26,000. Heck Capital Advisors LLC acquired a new position in shares of CF Industries during the fourth quarter worth approximately $34,000. Creative Financial Designs Inc. ADV boosted its stake in CF Industries by 50.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 161 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of CF Industries during the fourth quarter valued at $44,000. Finally, Brooklyn Investment Group grew its stake in CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.
Analyst Ratings Changes
Several research analysts recently commented on CF shares. Scotiabank raised CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 target price for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group initiated coverage on shares of CF Industries in a research note on Thursday, March 13th. They set a "neutral" rating and a $86.00 price target for the company. Barclays dropped their target price on shares of CF Industries from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut CF Industries from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Finally, BNP Paribas upgraded shares of CF Industries to a "strong-buy" rating in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $88.47.
View Our Latest Research Report on CF
CF Industries Stock Performance
Shares of NYSE CF traded up $0.79 during midday trading on Thursday, hitting $74.89. 337,526 shares of the company's stock traded hands, compared to its average volume of 2,096,930. The firm has a fifty day moving average of $77.16 and a 200 day moving average of $84.17. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $98.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84.
CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The firm had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.
CF Industries Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Friday, February 14th. CF Industries's dividend payout ratio (DPR) is 29.54%.
CF Industries 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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