Thrivent Financial for Lutherans Cuts Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Thrivent Financial for Lutherans trimmed its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,180,292 shares of the basic materials company’s stock after selling 13,310 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CF Industries were worth $87,484,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CF. Concurrent Investment Advisors LLC increased its stake in CF Industries by 4.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock worth $269,000 after buying an additional 140 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of CF Industries by 4.8% in the first quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 141 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of CF Industries by 8.5% during the second quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 146 shares in the last quarter. SYSTM Wealth Solutions LLC increased its position in shares of CF Industries by 24.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 153 shares in the last quarter. Finally, Czech National Bank raised its stake in CF Industries by 0.5% in the 1st quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock valued at $2,797,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CF. UBS Group upped their target price on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $80.00 to $90.00 in a research note on Friday, August 16th. Bank of America raised their target price on shares of CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Wells Fargo & Company dropped their price target on CF Industries from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Finally, BMO Capital Markets boosted their price objective on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.91.

CF Industries Price Performance

NYSE:CF opened at $81.61 on Friday. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $87.90. The stock’s fifty day moving average is $77.79 and its two-hundred day moving average is $77.97. The company has a market capitalization of $14.92 billion, a P/E ratio of 13.56, a P/E/G ratio of 2.21 and a beta of 0.95. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the firm earned $2.70 EPS. CF Industries’s revenue was down 11.4% on a year-over-year basis. Equities analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.45%. The ex-dividend date was Thursday, August 15th. CF Industries’s dividend payout ratio is currently 33.22%.

CF Industries Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.