Capital Innovations LLC increased its stake in CF Industries Holdings, Inc. (NYSE:CF) by 16.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,218 shares of the basic materials company’s stock after purchasing an additional 2,970 shares during the quarter. CF Industries Holdings makes up 2.3% of Capital Innovations LLC’s investment portfolio, making the stock its 10th largest holding. Capital Innovations LLC’s holdings in CF Industries Holdings were worth $593,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in CF Industries Holdings by 3,912.4% in the 1st quarter. BlackRock Inc. now owns 20,034,069 shares of the basic materials company’s stock worth $587,999,000 after purchasing an additional 19,534,765 shares during the last quarter. KCG Holdings Inc. acquired a new position in shares of CF Industries Holdings during the first quarter worth approximately $1,150,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of CF Industries Holdings by 1.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 659,496 shares of the basic materials company’s stock worth $18,440,000 after buying an additional 9,956 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of CF Industries Holdings by 12,161.3% during the second quarter. Thrivent Financial For Lutherans now owns 1,050,790 shares of the basic materials company’s stock worth $29,380,000 after buying an additional 1,042,220 shares during the last quarter. Finally, Raging Capital Management LLC acquired a new position in shares of CF Industries Holdings during the first quarter worth approximately $8,115,000.
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CF Industries Holdings (NYSE:CF) last released its quarterly 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. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. Analysts forecast that CF Industries Holdings, Inc. will post ($0.67) EPS for the current year.
In related news, VP Bert A. Frost sold 6,400 shares of CF Industries Holdings stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.53, for a total transaction of $201,792.00. Following the completion of the sale, the vice president now directly owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.
A number of research analysts have recently commented on the company. Piper Jaffray Companies set a $28.00 price target on CF Industries Holdings and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets reiterated an “outperform” rating and set a $38.00 price target (up from $35.00) on shares of CF Industries Holdings in a report on Friday. UBS AG reiterated a “buy” rating and set a $40.00 price target (up from $33.00) on shares of CF Industries Holdings in a report on Wednesday, October 4th. Zacks Investment Research lowered CF Industries Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, Credit Suisse Group set a $30.00 price target on CF Industries Holdings and gave the stock a “hold” rating in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. CF Industries Holdings currently has an average rating of “Hold” and an average price target of $32.58.
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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