Trexquant Investment LP Buys New Position in CF Industries Holdings, Inc. (NYSE:CF)

Trexquant Investment LP bought a new position in CF Industries Holdings, Inc. (NYSE:CF) in the first quarter, Holdings Channel reports. The fund bought 45,197 shares of the basic materials company’s stock, valued at approximately $1,848,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Lazard Asset Management LLC grew its stake in shares of CF Industries by 5,207.5% in the first quarter. Lazard Asset Management LLC now owns 231,406 shares of the basic materials company’s stock valued at $9,459,000 after acquiring an additional 227,046 shares in the last quarter. U S Global Investors Inc. acquired a new position in shares of CF Industries in the first quarter valued at about $613,000. Amundi Pioneer Asset Management Inc. grew its stake in shares of CF Industries by 20.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 606,354 shares of the basic materials company’s stock valued at $24,788,000 after acquiring an additional 102,366 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of CF Industries by 4.5% in the first quarter. Commonwealth Equity Services LLC now owns 14,590 shares of the basic materials company’s stock valued at $596,000 after acquiring an additional 623 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its stake in shares of CF Industries by 17.5% in the first quarter. State of Tennessee Treasury Department now owns 621,761 shares of the basic materials company’s stock valued at $25,417,000 after acquiring an additional 92,455 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

CF has been the topic of a number of analyst reports. ValuEngine downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Berenberg Bank set a $43.00 price objective on shares of CF Industries and gave the stock a “hold” rating in a research note on Tuesday, March 26th. Cowen reiterated an “outperform” rating and set a $56.00 price objective (down from $62.00) on shares of CF Industries in a research note on Tuesday, April 23rd. Citigroup reduced their price objective on shares of CF Industries from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, February 19th. Finally, Barclays reiterated a “neutral” rating on shares of CF Industries in a research note on Friday, February 15th. One 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. The stock has a consensus rating of “Hold” and an average price target of $50.26.

In related news, VP Richard A. Hoker sold 3,665 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $41.15, for a total value of $150,814.75. Following the completion of the transaction, the vice president now owns 63,383 shares in the company, valued at approximately $2,608,210.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stephen A. Furbacher sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $42.01, for a total transaction of $126,030.00. Following the completion of the transaction, the director now owns 47,190 shares of the company’s stock, valued at approximately $1,982,451.90. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Shares of CF traded up $0.93 during mid-day trading on Friday, reaching $46.07. The company had a trading volume of 55,527 shares, compared to its average volume of 2,280,599. CF Industries Holdings, Inc. has a 1-year low of $38.90 and a 1-year high of $56.51. The company has a current ratio of 1.71, a quick ratio of 1.17 and a debt-to-equity ratio of 0.83. The company has a market cap of $9.98 billion, a P/E ratio of 37.18, a PEG ratio of 3.46 and a beta of 0.80.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). CF Industries had a net margin of 7.09% and a return on equity of 4.81%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts forecast that CF Industries Holdings, Inc. will post 2.08 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.60%. CF Industries’s payout ratio is currently 96.77%.

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CF Industries Company 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.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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