Olstein Capital Management L.P. Invests $3,726,000 in CF Industries Holdings Inc. (CF)
Olstein Capital Management L.P. purchased a new position in shares of CF Industries Holdings Inc. (NYSE:CF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 153,000 shares of the company’s stock, valued at approximately $3,726,000. Olstein Capital Management L.P. owned approximately 0.07% of CF Industries Holdings as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Sei Investments Co. boosted its stake in shares of CF Industries Holdings by 28.6% in the third quarter. Sei Investments Co. now owns 268,345 shares of the company’s stock worth $6,534,000 after buying an additional 59,613 shares during the last quarter. Icon Advisers Inc. Co. purchased a new stake in CF Industries Holdings during the third quarter valued at about $2,191,000. UBS Asset Management Americas Inc. boosted its stake in CF Industries Holdings by 167.2% in the third quarter. UBS Asset Management Americas Inc. now owns 1,575,436 shares of the company’s stock valued at $38,361,000 after buying an additional 985,813 shares in the last quarter. North Point Portfolio Managers Corp OH boosted its stake in CF Industries Holdings by 0.9% in the third quarter. North Point Portfolio Managers Corp OH now owns 187,716 shares of the company’s stock valued at $4,571,000 after buying an additional 1,764 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC boosted its stake in CF Industries Holdings by 1.9% in the third quarter. Pillar Pacific Capital Management LLC now owns 119,716 shares of the company’s stock valued at $2,915,000 after buying an additional 2,235 shares in the last quarter. Institutional investors own 98.73% of the company’s stock.
Shares of CF Industries Holdings Inc. (NYSE:CF) traded down 2.70% on Tuesday, reaching $27.43. 3,933,559 shares of the company were exchanged. CF Industries Holdings Inc. has a 52 week low of $20.77 and a 52 week high of $46.75. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 91.43 and a beta of 1.32. The company’s 50-day moving average is $25.52 and its 200-day moving average is $25.57.
CF Industries Holdings (NYSE:CF) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.11. The company had revenue of $680 million for the quarter, compared to the consensus estimate of $805.58 million. CF Industries Holdings had a net margin of 1.77% and a return on equity of 5.94%. CF Industries Holdings’s revenue was down 26.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. On average, equities analysts expect that CF Industries Holdings Inc. will post $0.78 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Thursday, November 10th. CF Industries Holdings’s payout ratio is 413.79%.
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A number of equities analysts have recently commented on CF shares. Royal Bank Of Canada lowered shares of CF Industries Holdings from a “sector perform” rating to an “underperform” rating and set a $22.00 price target on the stock. in a report on Tuesday, November 22nd. Wood & Company lowered shares of CF Industries Holdings to an “underperform” rating in a report on Tuesday, November 22nd. RBC Capital Markets lowered shares of CF Industries Holdings from a “sector perform” rating to an “underperform” rating and set a $22.00 price target on the stock. in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Finally, Vetr lowered shares of CF Industries Holdings from a “sell” rating to a “strong sell” rating and set a $23.58 price target on the stock. in a report on Monday. Seven analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. CF Industries Holdings presently has a consensus rating of “Hold” and a consensus price target of $27.79.
About CF Industries Holdings
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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