Mutual of America Capital Management LLC Reduces Stock Holdings in CF Industries Holdings, Inc. $CF

Mutual of America Capital Management LLC lowered its position in CF Industries Holdings, Inc. (NYSE:CF) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,577 shares of the basic materials company’s stock after selling 1,658 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CF Industries were worth $1,709,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CF. Pacer Advisors Inc. boosted its stake in CF Industries by 8,352.8% during the first quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company’s stock worth $113,422,000 after buying an additional 1,434,168 shares during the period. Bank of New York Mellon Corp boosted its stake in CF Industries by 72.8% during the first quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company’s stock worth $178,053,000 after buying an additional 959,901 shares during the period. Allianz Asset Management GmbH boosted its stake in CF Industries by 72.1% during the second quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock worth $159,061,000 after buying an additional 724,329 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in CF Industries during the second quarter worth about $63,104,000. Finally, AQR Capital Management LLC boosted its stake in CF Industries by 113.1% during the first quarter. AQR Capital Management LLC now owns 928,701 shares of the basic materials company’s stock worth $72,123,000 after buying an additional 492,846 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CF. Wells Fargo & Company raised their price objective on shares of CF Industries from $101.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Mizuho raised their price objective on shares of CF Industries from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. HSBC lowered their price objective on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of CF Industries in a research note on Tuesday, October 14th. 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. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $97.54.

CF Industries Stock Down 0.6%

Shares of CF Industries stock opened at $86.43 on Monday. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. 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 of $86.71 and a 200 day moving average of $87.75. The company has a market capitalization of $14.00 billion, a P/E ratio of 11.28 and a beta of 0.93.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company earned $2.30 earnings per share. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, research analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. CF Industries’s dividend payout ratio is 26.11%.

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.