CF Industries Holdings, Inc. $CF Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 22.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,593 shares of the basic materials company’s stock after selling 768 shares during the quarter. Cresset Asset Management LLC’s holdings in CF Industries were worth $203,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of CF Industries by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 21,040,601 shares of the basic materials company’s stock worth $1,644,323,000 after purchasing an additional 319,343 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 valued at $473,220,000 after acquiring an additional 262,944 shares during the last quarter. Invesco Ltd. raised its stake in shares of CF Industries by 4.4% in the 1st quarter. Invesco Ltd. now owns 5,708,643 shares of the basic materials company’s stock valued at $446,130,000 after acquiring an additional 240,756 shares during the period. Boston Partners raised its stake in shares of CF Industries by 9.3% in the 1st quarter. Boston Partners now owns 3,623,708 shares of the basic materials company’s stock valued at $283,169,000 after acquiring an additional 307,092 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of CF Industries by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,867,552 shares of the basic materials company’s stock worth $224,085,000 after acquiring an additional 66,075 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Trading Up 0.5%

CF opened at $86.58 on Wednesday. The business has a fifty day moving average price of $91.55 and a 200 day moving average price of $84.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $104.45. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 11.30 and a beta of 0.94.

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. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the business posted $2.30 EPS. The firm’s revenue was up 20.2% on a year-over-year basis. Sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to repurchase up to 14.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. CF Industries’s dividend payout ratio (DPR) is currently 26.11%.

Insider Transactions at CF Industries

In other news, EVP Susan L. Menzel sold 10,000 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $100.23, for a total value of $1,002,300.00. Following the transaction, the executive vice president owned 87,923 shares in the company, valued at approximately $8,812,522.29. This represents a 10.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.71% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CF has been the subject of several research reports. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $95.00 to $100.00 in a report on Wednesday, August 13th. Scotiabank reaffirmed a “sector perform” rating and issued a $82.00 price objective (up from $81.00) on shares of CF Industries in a research note on Monday, August 11th. BNP Paribas downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Wall Street Zen cut CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Wolfe Research downgraded CF Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 12th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus target price of $95.00.

CF Industries 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.