Legal & General Group Plc Acquires 41,138 Shares of CF Industries Holdings, Inc. (CF)

Legal & General Group Plc lifted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,228,974 shares of the basic materials company’s stock after purchasing an additional 41,138 shares during the period. Legal & General Group Plc owned about 0.53% of CF Industries worth $43,202,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CF. Saratoga Research & Investment Management bought a new stake in CF Industries in the 3rd quarter worth $108,000. Ffcm LLC grew its holdings in CF Industries by 218.4% in the 2nd quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 2,772 shares during the last quarter. Pacad Investment Ltd. bought a new stake in CF Industries in the 2nd quarter worth $126,000. BT Investment Management Ltd bought a new stake in CF Industries in the 2nd quarter worth $126,000. Finally, Pacer Advisors Inc. grew its holdings in CF Industries by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,648 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 355 shares during the last quarter.

CF Industries Holdings, Inc. (NYSE:CF) opened at $38.22 on Friday. CF Industries Holdings, Inc. has a 12-month low of $25.04 and a 12-month high of $39.32. The company has a quick ratio of 1.51, a current ratio of 1.71 and a debt-to-equity ratio of 0.80.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). CF Industries had a negative net margin of 10.95% and a negative return on equity of 2.29%. The business had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $733.63 million. During the same period last year, the business earned $0.13 earnings per share. The company’s revenue was up 27.9% on a year-over-year basis. equities analysts forecast that CF Industries Holdings, Inc. will post -0.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. CF Industries’s dividend payout ratio (DPR) is currently -65.57%.

A number of equities research analysts have issued reports on the stock. Stephens assumed coverage on shares of CF Industries in a report on Monday. They issued an “equal weight” rating and a $38.00 price target on the stock. Zacks Investment Research raised shares of CF Industries from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, November 14th. Atlantic Securities lowered shares of CF Industries from a “neutral” rating to an “underweight” rating in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Cowen lifted their target price on shares of CF Industries from $27.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. Finally, BMO Capital Markets lifted their target price on shares of CF Industries from $38.00 to $43.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $34.95.

In other CF Industries news, VP Bert A. Frost sold 7,500 shares of CF Industries stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $36.50, for a total value of $273,750.00. Following the completion of the transaction, the vice president now directly owns 67,232 shares of the company’s stock, valued at $2,453,968. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen A. Furbacher sold 3,500 shares of CF Industries stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total transaction of $126,000.00. Following the completion of the transaction, the director now directly owns 50,854 shares of the company’s stock, valued at $1,830,744. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes 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 the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).

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

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