Van ECK Associates Corp cut its position in CF Industries Holdings, Inc. (NYSE:CF) by 3.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,286,780 shares of the basic materials company’s stock after selling 125,956 shares during the period. Van ECK Associates Corp owned approximately 1.41% of CF Industries Holdings worth $91,898,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Ffcm LLC increased its holdings in shares of CF Industries Holdings by 218.4% in the second quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 2,772 shares during the period. Financial Architects Inc increased its holdings in shares of CF Industries Holdings by 22.5% in the second quarter. Financial Architects Inc now owns 4,350 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 800 shares during the period. Pacer Advisors Inc. increased its holdings in shares of CF Industries Holdings by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 137 shares during the period. Pacad Investment Ltd. acquired a new position in shares of CF Industries Holdings in the second quarter valued at about $126,000. Finally, BT Investment Management Ltd acquired a new position in shares of CF Industries Holdings in the second quarter valued at about $126,000.
In other CF Industries Holdings news, VP Bert A. Frost sold 6,400 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.53, for a total transaction of $201,792.00. Following the transaction, the vice president now owns 59,732 shares in the company, valued at approximately $1,883,349.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.
Shares of CF Industries Holdings, Inc. (NYSE CF) traded up 1.239% during trading on Tuesday, reaching $35.535. The company’s stock had a trading volume of 2,045,275 shares. The firm’s market capitalization is $8.29 billion. CF Industries Holdings, Inc. has a 52 week low of $22.00 and a 52 week high of $37.17. The company has a 50 day moving average price of $30.51 and a 200 day moving average price of $28.88.
CF Industries Holdings (NYSE:CF) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.18. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts expect that CF Industries Holdings, Inc. will post ($0.70) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.42%. The ex-dividend date was Friday, August 11th. CF Industries Holdings’s payout ratio is -75.47%.
A number of brokerages have recently weighed in on CF. Piper Jaffray Companies reissued a “hold” rating on shares of CF Industries Holdings in a report on Friday, August 4th. Credit Suisse Group set a $30.00 price objective on CF Industries Holdings and gave the company a “hold” rating in a report on Friday, August 4th. Zacks Investment Research raised CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. ValuEngine raised CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $28.00 target price (down from $31.00) on shares of CF Industries Holdings in a report on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $32.23.
About CF Industries Holdings
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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