Janney Montgomery Scott LLC grew its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,412 shares of the basic materials company’s stock after acquiring an additional 1,031 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CF Industries were worth $1,111,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CF. Janus Henderson Group PLC lifted its stake in shares of CF Industries by 56.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,298,152 shares of the basic materials company’s stock worth $57,638,000 after purchasing an additional 468,073 shares during the period. Zurich Insurance Group Ltd FI lifted its stake in shares of CF Industries by 160.4% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 106,176 shares of the basic materials company’s stock worth $4,714,000 after purchasing an additional 65,407 shares during the period. NumerixS Investment Technologies Inc bought a new position in shares of CF Industries in the 2nd quarter worth approximately $824,000. Renaissance Technologies LLC lifted its stake in shares of CF Industries by 86.9% in the 2nd quarter. Renaissance Technologies LLC now owns 226,900 shares of the basic materials company’s stock worth $10,074,000 after purchasing an additional 105,500 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of CF Industries in the 2nd quarter worth approximately $127,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.
NYSE CF opened at $43.22 on Friday. CF Industries Holdings, Inc. has a 12 month low of $35.39 and a 12 month high of $56.51. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 4.71 and a beta of 1.09. The company has a current ratio of 2.03, a quick ratio of 1.69 and a debt-to-equity ratio of 0.76.
CF Industries announced that its Board of Directors has initiated a share repurchase plan on Wednesday, August 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the basic materials company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, November 14th. CF Industries’s payout ratio is -480.00%.
In other CF Industries news, Director Stephen A. Furbacher sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $52.45, for a total transaction of $183,575.00. Following the sale, the director now owns 50,190 shares in the company, valued at approximately $2,632,465.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen A. Furbacher sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $51.43, for a total transaction of $51,430.00. Following the sale, the director now directly owns 53,690 shares of the company’s stock, valued at $2,761,276.70. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on CF shares. Scotiabank set a $60.00 price objective on shares of CF Industries and gave the stock a “buy” rating in a research note on Monday, October 1st. UBS Group increased their price objective on shares of CF Industries from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Royal Bank of Canada set a $50.00 price objective on shares of CF Industries and gave the stock a “hold” rating in a research note on Monday, October 1st. Cowen increased their price objective on shares of CF Industries from $60.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, October 4th. Finally, Bank of America upgraded shares of CF Industries from an “underperform” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Wednesday, October 31st. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $51.52.
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CF Industries Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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