AGF Management Ltd. Decreases Stock Holdings in CF Industries Holdings, Inc. $CF

AGF Management Ltd. lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 10.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,046 shares of the basic materials company’s stock after selling 4,544 shares during the period. AGF Management Ltd.’s holdings in CF Industries were worth $3,592,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Talaria Asset Management Pty Ltd boosted its position in shares of CF Industries by 77.0% in the first quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock worth $45,640,000 after buying an additional 254,000 shares during the period. Charles Schwab Investment Management Inc. lifted its position in CF Industries by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock worth $473,220,000 after acquiring an additional 262,944 shares in the last quarter. Cerity Partners LLC boosted its holdings in CF Industries by 31.2% in the 1st quarter. Cerity Partners LLC now owns 17,208 shares of the basic materials company’s stock worth $1,345,000 after acquiring an additional 4,089 shares during the period. Envestnet Asset Management Inc. grew its position in CF Industries by 5.9% in the second quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock valued at $25,442,000 after acquiring an additional 15,291 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of CF Industries during the first quarter valued at approximately $849,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

Shares of CF opened at $81.93 on Monday. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 10.70 and a beta of 0.89. The stock has a 50 day moving average of $86.32 and a 200-day moving average of $88.59.

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

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is presently 24.10%.

Wall Street Analyst Weigh In

CF has been the subject of several analyst reports. HSBC decreased their target price 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. BNP Paribas cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Weiss Ratings restated a “hold (c+)” rating on shares of CF Industries in a research note on Tuesday, October 14th. Wells Fargo & Company boosted their price target on CF Industries from $101.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Finally, Royal Bank Of Canada set a $100.00 price target on CF Industries and gave the company a “sector perform” rating in a report on Monday, July 14th. Three 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.