Icon Advisers Inc. Co. Buys New Position in CF Industries Holdings Inc. (CF)
Icon Advisers Inc. Co. bought a new stake in shares of CF Industries Holdings Inc. (NYSE:CF) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 90,000 shares of the company’s stock, valued at approximately $2,191,000.
A number of other hedge funds have also made changes to their positions in CF. Pacer Advisors Inc. increased its stake in shares of CF Industries Holdings by 7.7% in the second quarter. Pacer Advisors Inc. now owns 4,204 shares of the company’s stock worth $101,000 after buying an additional 301 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of CF Industries Holdings by 778.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,293 shares of the company’s stock worth $151,000 after buying an additional 5,577 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of CF Industries Holdings by 431.5% in the third quarter. Toronto Dominion Bank now owns 6,808 shares of the company’s stock worth $166,000 after buying an additional 5,527 shares during the last quarter. Point72 Asia Hong Kong Ltd boosted its position in shares of CF Industries Holdings by 1,200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 7,800 shares of the company’s stock worth $188,000 after buying an additional 7,200 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of CF Industries Holdings by 28.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 9,175 shares of the company’s stock worth $221,000 after buying an additional 2,030 shares during the last quarter. Hedge funds and other institutional investors own 98.73% of the company’s stock.
CF Industries Holdings Inc. (NYSE:CF) traded down 2.70% on Tuesday, reaching $27.43. The company’s stock had a trading volume of 3,933,559 shares. The stock’s 50 day moving average price is $25.52 and its 200 day moving average price is $25.57. The company has a market cap of $6.39 billion, a P/E ratio of 91.43 and a beta of 1.32. CF Industries Holdings Inc. has a 12 month low of $20.77 and a 12 month high of $46.75.
CF Industries Holdings (NYSE:CF) last released its earnings results on Wednesday, November 2nd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. CF Industries Holdings had a return on equity of 5.94% and a net margin of 1.77%. The firm earned $680 million during the quarter, compared to analysts’ expectations of $805.58 million. During the same period in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was down 26.7% on a year-over-year basis. Equities research analysts forecast that CF Industries Holdings Inc. will post $0.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Thursday, November 10th. CF Industries Holdings’s payout ratio is presently 413.79%.
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A number of equities analysts have recently issued reports on the company. Credit Suisse Group AG set a $26.00 target price on CF Industries Holdings and gave the stock a “buy” rating in a report on Sunday, September 18th. Vetr cut CF Industries Holdings from a “strong-buy” rating to a “buy” rating and set a $26.00 target price for the company. in a report on Wednesday, August 17th. RBC Capital Markets cut CF Industries Holdings from a “sector perform” rating to an “underperform” rating and set a $22.00 target price for the company. in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Citigroup Inc. dropped their target price on CF Industries Holdings from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, August 10th. Finally, Wood & Company cut CF Industries Holdings to an “underperform” rating in a report on Tuesday, November 22nd. Seven research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $27.79.
CF Industries Holdings Company Profile
CF Industries Holdings, Inc is the manufacturer and distributor of 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 its industrial customers, and compound fertilizer products (NPKs).
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