Bank of Montreal Can Sells 92,642 Shares of CF Industries Holdings, Inc. $CF

Bank of Montreal Can lessened its stake in CF Industries Holdings, Inc. (NYSE:CF) by 35.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 171,287 shares of the basic materials company’s stock after selling 92,642 shares during the quarter. Bank of Montreal Can’s holdings in CF Industries were worth $15,758,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Burney Co. increased its position in shares of CF Industries by 645.6% during the second quarter. Burney Co. now owns 60,507 shares of the basic materials company’s stock worth $5,567,000 after acquiring an additional 52,392 shares during the period. Wakefield Asset Management LLLP bought a new position in CF Industries in the second quarter worth approximately $388,000. Tredje AP fonden increased its holdings in CF Industries by 41.5% during the 2nd quarter. Tredje AP fonden now owns 21,253 shares of the basic materials company’s stock worth $1,955,000 after purchasing an additional 6,233 shares during the period. Versor Investments LP bought a new stake in CF Industries during the 2nd quarter valued at $2,337,000. Finally, Lifeworks Advisors LLC lifted its holdings in shares of CF Industries by 9.5% in the 2nd quarter. Lifeworks Advisors LLC now owns 5,898 shares of the basic materials company’s stock worth $543,000 after buying an additional 512 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Trading Up 0.6%

NYSE CF opened at $81.93 on Friday. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The company has a 50 day moving average price of $86.32 and a 200 day moving average price of $88.41. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The firm has a market cap of $13.27 billion, a PE ratio of 10.70 and a beta of 0.89.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.13. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. CF Industries’s revenue was up 21.1% compared to the same quarter last year. During the same period last year, the firm earned $1.55 earnings per share. As a group, sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries’s dividend payout ratio is currently 24.10%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CF shares. BNP Paribas lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Wells Fargo & Company boosted their price target on shares of CF Industries from $101.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Mizuho lowered their price target on shares of CF Industries from $100.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday. Royal Bank Of Canada set a $100.00 price objective on shares of CF Industries and gave the company a “sector perform” rating in a report on Monday, July 14th. Finally, The Goldman Sachs Group lowered their target price on CF Industries from $96.00 to $94.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $96.54.

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.