Occudo Quantitative Strategies LP lifted its position in CF Industries Holdings, Inc. (NYSE:CF – Get Rating) by 648.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 40,317 shares of the basic materials company's stock after acquiring an additional 34,931 shares during the quarter. Occudo Quantitative Strategies LP's holdings in CF Industries were worth $3,456,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in CF. Loomis Sayles & Co. L P increased its stake in shares of CF Industries by 8.6% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,278 shares of the basic materials company's stock worth $110,000 after purchasing an additional 101 shares during the last quarter. Quadrant Capital Group LLC increased its position in CF Industries by 45.7% in the second quarter. Quadrant Capital Group LLC now owns 459 shares of the basic materials company's stock worth $39,000 after buying an additional 144 shares during the last quarter. Lincoln National Corp raised its stake in shares of CF Industries by 7.2% in the second quarter. Lincoln National Corp now owns 2,340 shares of the basic materials company's stock valued at $201,000 after buying an additional 157 shares during the period. Eaton Vance Management lifted its position in shares of CF Industries by 3.4% during the 1st quarter. Eaton Vance Management now owns 4,727 shares of the basic materials company's stock valued at $487,000 after buying an additional 157 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of CF Industries by 46.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 530 shares of the basic materials company's stock worth $46,000 after acquiring an additional 168 shares during the period. Hedge funds and other institutional investors own 94.43% of the company's stock.
Get CF Industries alerts:CF Industries Trading Down 1.3 %
CF traded down $1.34 during trading on Wednesday, hitting $100.16. 34,047 shares of the stock traded hands, compared to its average volume of 2,549,697. The firm has a market capitalization of $19.65 billion, a P/E ratio of 6.70, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00. CF Industries Holdings, Inc. has a 12-month low of $58.46 and a 12-month high of $119.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.66 and a quick ratio of 2.30. The firm has a 50-day moving average of $104.27 and a 200 day moving average of $98.69.
CF Industries (NYSE:CF – Get Rating) last posted its earnings results on Wednesday, November 2nd. The basic materials company reported $2.55 earnings per share for the quarter, missing analysts' consensus estimates of $3.19 by ($0.64). CF Industries had a return on equity of 50.92% and a net margin of 28.70%. The firm had revenue of $2.32 billion for the quarter, compared to analysts' expectations of $2.30 billion. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 16.76 EPS for the current year.CF Industries Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.60%. CF Industries's dividend payout ratio (DPR) is presently 10.50%.
Wall Street Analyst Weigh In
Several research firms have commented on CF. Mizuho dropped their price objective on shares of CF Industries from $117.00 to $113.00 and set a "neutral" rating on the stock in a report on Tuesday, November 1st. Citigroup boosted their target price on shares of CF Industries from $117.00 to $120.00 in a report on Tuesday, October 4th. StockNews.com began coverage on CF Industries in a research note on Wednesday, October 12th. They set a "buy" rating on the stock. Royal Bank of Canada raised CF Industries from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $110.00 to $135.00 in a report on Monday, October 3rd. Finally, Credit Suisse Group increased their price target on shares of CF Industries from $78.00 to $80.00 and gave the stock an "underperform" rating in a report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $105.86.
CF Industries Company Profile
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CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.
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