Skandinaviska Enskilda Banken AB publ Trims Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Skandinaviska Enskilda Banken AB publ lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 48.5% in the second quarter, HoldingsChannel reports. The firm owned 279,680 shares of the basic materials company’s stock after selling 263,679 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in CF Industries were worth $20,730,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC lifted its holdings 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 during the last quarter. Bleakley Financial Group LLC lifted its holdings in CF Industries by 4.8% during the 1st quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock worth $257,000 after buying an additional 141 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in CF Industries by 8.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock worth $139,000 after buying an additional 146 shares during the last quarter. SYSTM Wealth Solutions LLC raised its position in shares of 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 purchasing an additional 153 shares during the period. Finally, Czech National Bank raised its position in shares of CF Industries by 0.5% during the 1st quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock worth $2,797,000 after purchasing an additional 153 shares during the period. Institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

CF has been the topic of a number of research reports. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $80.00 to $90.00 in a research report on Friday, August 16th. Royal Bank of Canada increased their price target on CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. UBS Group increased their price target on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Wells Fargo & Company dropped their price target on CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, Bank of America increased their price target on CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, CF Industries presently has an average rating of “Hold” and an average target price of $86.91.

CF Industries Stock Down 1.9 %

CF opened at $81.59 on Friday. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $87.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.70 and a quick ratio of 4.19. The stock has a market cap of $14.91 billion, a P/E ratio of 13.55, a P/E/G ratio of 2.21 and a beta of 0.95. The stock’s 50 day moving average price is $77.79 and its 200 day moving average price is $77.98.

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, beating the consensus estimate of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm earned $2.70 EPS. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. As a group, research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is presently 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.