Toronto Dominion Bank boosted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 14.4% during the 1st quarter, HoldingsChannel reports. The firm owned 146,281 shares of the basic materials company’s stock after buying an additional 18,373 shares during the quarter. Toronto Dominion Bank’s holdings in CF Industries were worth $5,978,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in CF. Norges Bank purchased a new position in shares of CF Industries in the fourth quarter valued at about $76,365,000. Oregon Public Employees Retirement Fund lifted its position in shares of CF Industries by 4,197.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,101,238 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 1,075,614 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of CF Industries by 27.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,800,856 shares of the basic materials company’s stock valued at $208,884,000 after acquiring an additional 1,047,650 shares in the last quarter. BlackRock Inc. lifted its position in shares of CF Industries by 4.8% in the fourth quarter. BlackRock Inc. now owns 20,782,498 shares of the basic materials company’s stock valued at $904,247,000 after acquiring an additional 960,630 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of CF Industries by 27.4% in the fourth quarter. Geode Capital Management LLC now owns 4,022,001 shares of the basic materials company’s stock valued at $174,768,000 after acquiring an additional 865,928 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.
Shares of CF traded down $0.35 during mid-day trading on Wednesday, reaching $41.73. 34,417 shares of the company’s stock traded hands, compared to its average volume of 2,666,782. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 3.56 and a beta of 0.75. CF Industries Holdings, Inc. has a 12 month low of $38.90 and a 12 month high of $56.51. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.17 and a current ratio of 1.71.
CF Industries (NYSE:CF) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.01 billion. CF Industries had a net margin of 7.09% and a return on equity of 4.81%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. As a group, analysts predict that CF Industries Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.88%. CF Industries’s dividend payout ratio is 96.77%.
A number of equities research analysts recently commented on the company. Cowen reiterated an “outperform” rating and issued a $56.00 target price (down from $62.00) on shares of CF Industries in a research report on Tuesday, April 23rd. ValuEngine upgraded CF Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Bank of America downgraded CF Industries from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $50.00 to $38.00 in a research report on Thursday, April 18th. Citigroup decreased their target price on CF Industries from $51.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, February 19th. Finally, Barclays reiterated a “neutral” rating on shares of CF Industries in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. CF Industries presently has a consensus rating of “Hold” and a consensus price target of $50.41.
In related news, Director Stephen A. Furbacher sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $42.01, for a total value of $126,030.00. Following the completion of the sale, the director now owns 47,190 shares in the company, valued at $1,982,451.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.
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CF Industries Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.
Further Reading: Return on Investment (ROI) Defined, Explained
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