APG Asset Management N.V. Reduces Holdings in CF Industries Holdings, Inc. (NYSE:CF)

APG Asset Management N.V. lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 28.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,154 shares of the basic materials company’s stock after selling 35,600 shares during the period. APG Asset Management N.V.’s holdings in CF Industries were worth $6,235,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Westside Investment Management Inc. bought a new position in shares of CF Industries in the first quarter worth approximately $25,000. UMB Bank n.a. boosted its position in shares of CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 191 shares in the last quarter. nVerses Capital LLC raised its holdings in CF Industries by 250.0% in the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 500 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of CF Industries in the 1st quarter worth about $55,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of CF Industries by 28.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 167 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CF has been the topic of several analyst reports. Wells Fargo & Company upped their target price on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Bank of America lifted their target price on CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $90.00 in a report on Friday, August 16th. UBS Group raised their target price on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, BMO Capital Markets boosted their target price on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. One equities research 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 data from MarketBeat.com, CF Industries has an average rating of “Hold” and a consensus price target of $87.73.

CF Industries Stock Up 0.7 %

CF stock opened at $85.64 on Monday. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $79.02 and a 200 day moving average of $77.94. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $87.82. The stock has a market capitalization of $15.65 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 2.38 and a beta of 0.95.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the business posted $2.70 EPS. The company’s revenue was down 11.4% on a year-over-year basis. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

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.