CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co trimmed its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,615 shares of the basic materials company’s stock after selling 813 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CF Industries were worth $1,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CF. Victory Capital Management Inc. boosted its position in shares of CF Industries by 401.2% in the second quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock worth $269,729,000 after acquiring an additional 2,912,942 shares during the last quarter. Boston Partners boosted its position in shares of CF Industries by 37.5% in the first quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after acquiring an additional 835,557 shares during the last quarter. First Trust Advisors LP boosted its position in shares of CF Industries by 16.5% in the fourth quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock worth $232,779,000 after acquiring an additional 414,785 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CF Industries by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock worth $212,823,000 after acquiring an additional 198,246 shares during the last quarter. Finally, Earnest Partners LLC boosted its position in shares of CF Industries by 6.3% in the first quarter. Earnest Partners LLC now owns 2,133,854 shares of the basic materials company’s stock worth $177,558,000 after acquiring an additional 125,616 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Trading Down 1.9 %

NYSE CF opened at $81.59 on Friday. The company’s fifty day simple moving average is $77.57 and its 200-day simple moving average is $77.96. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $87.90. The company has a current ratio of 4.70, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37. The stock has a market cap of $14.91 billion, a P/E ratio of 13.55, a PEG ratio of 2.21 and a beta of 0.95.

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

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors 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 dividend yield of 2.45%. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Analysts Set New Price Targets

CF has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Bank of America lifted their price target on shares of CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Royal Bank of Canada lifted their price target on shares of CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Scotiabank lifted their price target on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, UBS Group lifted their price target on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and a consensus price target of $86.91.

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.