Oppenheimer Asset Management Inc. Sells 1,630 Shares of CF Industries Holdings, Inc. $CF

Oppenheimer Asset Management Inc. cut its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 22.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,562 shares of the basic materials company’s stock after selling 1,630 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CF Industries were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC bought a new stake in CF Industries during the 2nd quarter worth approximately $469,000. Focus Partners Advisor Solutions LLC increased its holdings in CF Industries by 57.9% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 6,070 shares of the basic materials company’s stock worth $558,000 after purchasing an additional 2,226 shares in the last quarter. Fielder Capital Group LLC bought a new stake in CF Industries during the 2nd quarter worth approximately $230,000. AlphaQuest LLC increased its holdings in CF Industries by 548.6% during the 2nd quarter. AlphaQuest LLC now owns 14,263 shares of the basic materials company’s stock worth $1,312,000 after purchasing an additional 12,064 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in CF Industries by 2.4% during the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 12,700 shares of the basic materials company’s stock worth $1,168,000 after buying an additional 300 shares in the last quarter. 93.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CF. The Goldman Sachs Group decreased their price target on CF Industries from $96.00 to $94.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. BNP Paribas lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. HSBC lowered their target price on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a report on Monday, September 15th. Bank of America increased their target price on shares of CF Industries from $82.00 to $83.00 and gave the company an “underperform” rating in a report on Tuesday, October 14th. Finally, UBS Group reduced their price objective on shares of CF Industries from $101.00 to $96.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $97.54.

CF Industries Stock Up 0.6%

Shares of NYSE:CF opened at $83.33 on Friday. The company has a market capitalization of $13.50 billion, a PE ratio of 10.88 and a beta of 0.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. The business has a fifty day moving average price of $86.63 and a two-hundred day moving average price of $88.21. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.02. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.30 earnings per share. Analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries’s dividend payout ratio is currently 26.11%.

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.