Geode Capital Management LLC Sells 186,661 Shares of CF Industries Holdings, Inc. $CF

Geode Capital Management LLC lessened its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 4.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,389,011 shares of the basic materials company’s stock after selling 186,661 shares during the period. Geode Capital Management LLC’s holdings in CF Industries were worth $402,155,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Talaria Asset Management Pty Ltd grew its holdings in CF Industries by 77.0% during the first quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock valued at $45,640,000 after purchasing an additional 254,000 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of CF Industries by 4.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock worth $473,220,000 after purchasing an additional 262,944 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of CF Industries by 31.2% in the 1st quarter. Cerity Partners LLC now owns 17,208 shares of the basic materials company’s stock valued at $1,345,000 after buying an additional 4,089 shares during the period. Envestnet Asset Management Inc. increased its position in shares of CF Industries by 5.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock valued at $25,442,000 after buying an additional 15,291 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in CF Industries during the 1st quarter worth $849,000. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 0.8%

NYSE:CF opened at $84.96 on Friday. The stock has a 50-day simple moving average of $86.18 and a 200 day simple moving average of $88.71. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The company has a market cap of $13.25 billion, a PE ratio of 11.09 and a beta of 0.89. 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 released its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.06 by $0.13. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the business posted $1.55 EPS. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, November 14th. This represents a $2.00 annualized dividend and a yield of 2.4%. CF Industries’s dividend payout ratio is presently 24.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Rothschild & Co Redburn boosted their target price on CF Industries from $78.00 to $86.00 in a research note on Monday, November 10th. Zacks Research cut CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Scotiabank boosted their price objective on CF Industries from $82.00 to $90.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Royal Bank Of Canada lowered their target price on CF Industries from $100.00 to $95.00 and set a “sector perform” rating for the company in a research note on Monday, November 10th. Finally, BNP Paribas lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $95.64.

CF Industries Company 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.