Denali Advisors LLC Sells 8,405 Shares of CF Industries Holdings, Inc. $CF

Denali Advisors LLC reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 69.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,717 shares of the basic materials company’s stock after selling 8,405 shares during the quarter. Denali Advisors LLC’s holdings in CF Industries were worth $402,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CF. Himension Capital Singapore PTE. LTD. bought a new stake in shares of CF Industries during the 1st quarter valued at about $25,000. Altshuler Shaham Ltd raised its stake in CF Industries by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock worth $54,000 after buying an additional 112 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in CF Industries by 39.6% in the second quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company’s stock worth $47,000 after buying an additional 122 shares during the period. MUFG Securities EMEA plc purchased a new stake in CF Industries in the second quarter worth about $44,000. Finally, Hantz Financial Services Inc. boosted its position in CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 156 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CF has been the subject of several research reports. Bank of America increased their target price on CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Morgan Stanley reduced their price target on CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. JPMorgan Chase & Co. increased their price objective on CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $129.00 price objective on shares of CF Industries in a research report on Friday, July 24th. Finally, BMO Capital Markets dropped their target price on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $116.56.

CF Industries Trading Up 5.6%

NYSE CF opened at $125.68 on Friday. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average price is $115.58 and its 200-day moving average price is $115.57. The stock has a market cap of $19.02 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.23 and a beta of 0.39.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.63 by ($0.90). The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.CF Industries’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.37 EPS. As a group, equities analysts forecast that CF Industries Holdings, Inc. will post 13.85 EPS for the current fiscal year.

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.60 dividend. This is a boost from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 14th. CF Industries’s payout ratio is currently 17.79%.

CF Industries Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.