Driehaus Capital Management LLC reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF – Get Rating) by 62.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 93,524 shares of the basic materials company's stock after selling 157,729 shares during the period. Driehaus Capital Management LLC's holdings in CF Industries were worth $8,018,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of CF. Loomis Sayles & Co. L P boosted its holdings in CF Industries by 8.6% during the second quarter. Loomis Sayles & Co. L P now owns 1,278 shares of the basic materials company's stock worth $110,000 after buying an additional 101 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of CF Industries by 45.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 459 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 144 shares in the last quarter. Lincoln National Corp raised its holdings in CF Industries by 7.2% in the 2nd quarter. Lincoln National Corp now owns 2,340 shares of the basic materials company's stock worth $201,000 after purchasing an additional 157 shares during the period. Eaton Vance Management boosted its position in CF Industries by 3.4% during the first quarter. Eaton Vance Management now owns 4,727 shares of the basic materials company's stock worth $487,000 after purchasing an additional 157 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in CF Industries by 46.4% in the second quarter. Parkside Financial Bank & Trust now owns 530 shares of the basic materials company's stock valued at $46,000 after purchasing 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 Stock Down 0.4 %
Shares of NYSE:CF opened at $100.14 on Friday. CF Industries Holdings, Inc. has a 52-week low of $58.46 and a 52-week high of $119.60. The stock has a market cap of $19.65 billion, a P/E ratio of 6.57, a PEG ratio of 1.01 and a beta of 1.00. The business has a fifty day moving average of $104.34 and a two-hundred day moving average of $98.71. The company has a quick ratio of 2.30, a current ratio of 2.66 and a debt-to-equity ratio of 0.42.
CF Industries (NYSE:CF – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The basic materials company reported $2.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.19 by ($0.64). CF Industries had a net margin of 28.70% and a return on equity of 50.92%. The firm had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.30 billion. On average, research analysts expect that CF Industries Holdings, Inc. will post 16.76 earnings per share for the current year.CF Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, November 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.60%. CF Industries's dividend payout ratio is currently 10.50%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on CF. Credit Suisse Group increased their target price on CF Industries from $78.00 to $80.00 and gave the company an "underperform" rating in a research report on Thursday, November 3rd. Mizuho cut their target price on shares of CF Industries from $117.00 to $113.00 and set a "neutral" rating for the company in a research note on Tuesday, November 1st. Royal Bank of Canada raised shares of CF Industries from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $110.00 to $135.00 in a research note on Monday, October 3rd. StockNews.com initiated coverage on CF Industries in a research note on Wednesday, October 12th. They set a "buy" rating for the company. Finally, UBS Group raised their target price on CF Industries from $108.00 to $128.00 in a research report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $105.86.
CF Industries Company Profile
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CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.
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