Panagora Asset Management Inc. Has $1.52 Million Position in CF Industries Holdings, Inc. (NYSE:CF)

Panagora Asset Management Inc. trimmed its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 38.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,453 shares of the basic materials company’s stock after selling 12,607 shares during the quarter. Panagora Asset Management Inc.’s holdings in CF Industries were worth $1,516,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new stake in shares of CF Industries during the first quarter valued at about $25,000. Mather Group LLC. acquired a new stake in CF Industries during the 1st quarter worth approximately $55,000. Massmutual Trust Co. FSB ADV boosted its position in CF Industries by 28.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock worth $56,000 after buying an additional 167 shares during the period. SYSTM Wealth Solutions LLC grew its holdings in CF Industries by 24.0% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 153 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its position in CF Industries by 97.3% in the 1st quarter. Meeder Asset Management Inc. now owns 882 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 435 shares during the period. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

NYSE:CF opened at $83.09 on Friday. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $87.90. The company has a fifty day moving average of $75.47 and a 200-day moving average of $77.90. The firm has a market capitalization of $15.19 billion, a P/E ratio of 13.80, a P/E/G ratio of 2.44 and a beta of 0.95.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.50. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.52 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.70 earnings per share. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.18 EPS for the current year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.41%. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Royal Bank of Canada increased their price target on CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Piper Sandler lowered their price objective on CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a research report on Tuesday, May 7th. Bank of America upped their target price on CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Finally, BMO Capital Markets raised their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.91.

About CF Industries

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.