Montecito Bank & Trust acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the second quarter, according to its most recent filing with the SEC. The firm acquired 8,879 shares of the basic materials company’s stock, valued at approximately $248,000.
A number of other large investors have also modified their holdings of CF. Visionary Asset Management Inc. boosted its stake in shares of CF Industries Holdings by 0.8% in the first quarter. Visionary Asset Management Inc. now owns 114,828 shares of the basic materials company’s stock worth $3,370,000 after buying an additional 965 shares during the last quarter. Spirit of America Management Corp NY acquired a new stake in shares of CF Industries Holdings during the first quarter worth approximately $176,000. Gradient Investments LLC acquired a new stake in shares of CF Industries Holdings during the first quarter worth approximately $6,609,000. Longer Investments Inc. purchased a new stake in CF Industries Holdings during the first quarter valued at about $1,832,000. Finally, Gulf International Bank UK Ltd boosted its stake in CF Industries Holdings by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 72,945 shares of the basic materials company’s stock valued at $2,140,000 after buying an additional 1,400 shares in the last quarter.
CF Industries Holdings, Inc. (NYSE CF) opened at 30.21 on Thursday. The company has a 50-day moving average of $29.70 and a 200 day moving average of $29.50. CF Industries Holdings, Inc. has a 12-month low of $22.00 and a 12-month high of $37.17. The stock’s market cap is $7.05 billion.
CF Industries Holdings (NYSE:CF) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.18. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company earned $0.33 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts anticipate that CF Industries Holdings, Inc. will post ($0.70) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be issued a $0.30 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.20 annualized dividend and a yield of 3.97%. CF Industries Holdings’s dividend payout ratio (DPR) is currently -75.47%.
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Several equities research analysts have issued reports on the stock. Piper Jaffray Companies reaffirmed a “hold” rating on shares of CF Industries Holdings in a research note on Friday, August 4th. Credit Suisse Group set a $30.00 price target on shares of CF Industries Holdings and gave the stock a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $28.00 price target (down from $31.00) on shares of CF Industries Holdings in a research note on Monday, July 10th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.58.
In related news, VP Bert A. Frost sold 6,400 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.53, for a total value of $201,792.00. Following the completion of the sale, the vice president now directly owns 59,732 shares in the company, valued at approximately $1,883,349.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.
About CF Industries Holdings
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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