Perigon Wealth Management LLC lessened its stake in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 15.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,419 shares of the basic materials company’s stock after selling 964 shares during the quarter. Perigon Wealth Management LLC’s holdings in CF Industries were worth $393,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new position in shares of CF Industries during the first quarter worth about $382,000. AGF Management Ltd. boosted its stake in CF Industries by 1,400.3% in the first quarter. AGF Management Ltd. now owns 45,953 shares of the basic materials company’s stock worth $3,331,000 after buying an additional 42,890 shares in the last quarter. Kistler Tiffany Companies LLC boosted its stake in CF Industries by 97.9% in the first quarter. Kistler Tiffany Companies LLC now owns 4,287 shares of the basic materials company’s stock worth $311,000 after buying an additional 2,121 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in CF Industries by 33.8% in the first quarter. Integrated Wealth Concepts LLC now owns 13,399 shares of the basic materials company’s stock worth $971,000 after buying an additional 3,385 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in CF Industries by 120.4% in the first quarter. Quantinno Capital Management LP now owns 6,325 shares of the basic materials company’s stock worth $459,000 after buying an additional 3,455 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.
Insider Buying and Selling at CF Industries
In related news, VP Douglas C. Barnard sold 17,000 shares of CF Industries stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $61.28, for a total value of $1,041,760.00. Following the completion of the sale, the vice president now directly owns 24,789 shares in the company, valued at $1,519,069.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Douglas C. Barnard sold 17,000 shares of CF Industries stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $61.28, for a total value of $1,041,760.00. Following the completion of the sale, the vice president now directly owns 24,789 shares in the company, valued at $1,519,069.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bert A. Frost sold 15,000 shares of CF Industries stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $60.99, for a total value of $914,850.00. Following the completion of the sale, the senior vice president now owns 47,539 shares of the company’s stock, valued at $2,899,403.61. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.
CF Industries Stock Down 0.3 %
CF Industries (NYSE:CF – Get Free Report) last announced its quarterly earnings data on Monday, May 1st. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.22. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. CF Industries had a net margin of 29.26% and a return on equity of 42.23%. The firm’s revenue for the quarter was down 29.8% on a year-over-year basis. During the same quarter last year, the business posted $4.21 EPS. Analysts anticipate that CF Industries Holdings, Inc. will post 7.86 EPS for the current year.
CF Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, August 14th. This represents a $1.60 annualized dividend and a yield of 1.97%. CF Industries’s payout ratio is currently 10.70%.
Analyst Ratings Changes
Several analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on CF Industries from $126.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, April 19th. Stifel Nicolaus decreased their target price on CF Industries from $76.00 to $74.00 in a report on Friday, June 30th. Mizuho reduced their price target on CF Industries from $101.00 to $83.00 in a research note on Friday, April 28th. BMO Capital Markets reduced their price target on CF Industries from $115.00 to $105.00 in a research note on Wednesday, May 3rd. Finally, 888 reissued a “maintains” rating on shares of CF Industries in a research note on Tuesday, May 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.20.
CF Industries Company Profile
CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.
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