Allspring Global Investments Holdings LLC Sells 310,282 Shares of CF Industries Holdings, Inc. $CF

Allspring Global Investments Holdings LLC lessened its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 34.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 586,759 shares of the basic materials company’s stock after selling 310,282 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.35% of CF Industries worth $54,269,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CF. Wealth Enhancement Advisory Services LLC boosted its position in shares of CF Industries by 1,497.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,240 shares of the basic materials company’s stock valued at $8,537,000 after acquiring an additional 102,401 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of CF Industries by 62.6% in the first quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the basic materials company’s stock valued at $145,000 after acquiring an additional 714 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of CF Industries by 31.1% in the first quarter. Janney Montgomery Scott LLC now owns 22,131 shares of the basic materials company’s stock valued at $1,730,000 after acquiring an additional 5,255 shares during the period. QRG Capital Management Inc. boosted its position in shares of CF Industries by 21.8% in the first quarter. QRG Capital Management Inc. now owns 14,356 shares of the basic materials company’s stock valued at $1,122,000 after acquiring an additional 2,572 shares during the period. Finally, Grove Bank & Trust boosted its position in shares of CF Industries by 118.5% in the first quarter. Grove Bank & Trust now owns 542 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 294 shares during the period. 93.06% of the stock is currently owned by institutional investors.

CF Industries Trading Down 1.7%

CF stock opened at $86.75 on Wednesday. The company has a market capitalization of $14.05 billion, a PE ratio of 11.32 and a beta of 0.93. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $104.45. The company’s 50 day moving average price is $86.68 and its two-hundred day moving average price is $87.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.35 by $0.02. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business’s revenue was up 20.2% compared to the same quarter last year. During the same period last year, the firm posted $2.30 earnings per share. As a group, analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. CF Industries’s dividend payout ratio (DPR) is 26.11%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley set a $95.00 price objective on shares of CF Industries and gave the company an “equal weight” rating in a research report on Thursday, June 26th. Wells Fargo & Company lowered their target price on shares of CF Industries from $108.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CF Industries in a research note on Tuesday. Zacks Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $95.00 to $100.00 in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $95.21.

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.