Adage Capital Partners GP L.L.C. Cuts Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Adage Capital Partners GP L.L.C. trimmed its holdings in shares of CF Industries Holdings, Inc. (NYSE:CFFree Report) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 191,822 shares of the basic materials company’s stock after selling 2,400 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.10% of CF Industries worth $16,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Kentucky Retirement Systems grew its position in shares of CF Industries by 0.7% during the 3rd quarter. Kentucky Retirement Systems now owns 15,598 shares of the basic materials company’s stock valued at $1,501,000 after acquiring an additional 116 shares during the period. Arkadios Wealth Advisors increased its holdings in CF Industries by 2.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 5,148 shares of the basic materials company’s stock worth $441,000 after acquiring an additional 126 shares in the last quarter. Donoghue Forlines LLC raised its stake in CF Industries by 1.9% during the 3rd quarter. Donoghue Forlines LLC now owns 6,835 shares of the basic materials company’s stock worth $586,000 after acquiring an additional 130 shares during the period. Janiczek Wealth Management LLC lifted its holdings in CF Industries by 36.5% during the third quarter. Janiczek Wealth Management LLC now owns 516 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 138 shares in the last quarter. Finally, Eaton Vance Management boosted its position in shares of CF Industries by 3.4% in 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 during the period. Institutional investors own 90.63% of the company’s stock.

CF Industries Trading Up 2.8 %

CF stock opened at $83.88 on Friday. CF Industries Holdings, Inc. has a 12 month low of $60.08 and a 12 month high of $87.90. The firm’s 50-day moving average is $78.27 and its 200 day moving average is $79.34. The company has a market capitalization of $15.80 billion, a PE ratio of 10.70, a P/E/G ratio of 2.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 3.44.

CF Industries (NYSE:CFGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.12). CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the business earned $4.35 earnings per share. The company’s revenue for the quarter was down 39.8% compared to the same quarter last year. On average, research analysts anticipate that CF Industries Holdings, Inc. will post 5.8 EPS for the current year.

CF Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Wednesday, February 14th. This is a positive change from CF Industries’s previous quarterly dividend of $0.40. CF Industries’s dividend payout ratio is currently 25.51%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CF. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price target on shares of CF Industries in a research note on Friday, February 16th. Wolfe Research assumed coverage on shares of CF Industries in a research note on Friday, March 1st. They issued an “outperform” rating and a $99.00 price target on the stock. UBS Group lowered CF Industries from a “buy” rating to a “neutral” rating and cut their price objective for the company from $95.00 to $83.00 in a research report on Wednesday, January 31st. Barclays upgraded CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 target price on the stock in a research report on Friday, January 12th. Finally, Piper Sandler cut CF Industries from a “neutral” rating to an “underweight” rating and cut their price target for the company from $87.00 to $82.00 in a report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $90.19.

Get Our Latest Stock Report on CF Industries

About CF Industries

(Free Report)

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.

Further Reading

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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