Advisors Asset Management Inc. Sells 1,791 Shares of CF Industries Holdings, Inc. $CF

Advisors Asset Management Inc. reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,747 shares of the basic materials company’s stock after selling 1,791 shares during the quarter. Advisors Asset Management Inc.’s holdings in CF Industries were worth $2,369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. boosted its stake in CF Industries by 12.6% during the 1st quarter. Assetmark Inc. now owns 1,425 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 159 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of CF Industries by 28.3% in the first quarter. LPL Financial LLC now owns 67,789 shares of the basic materials company’s stock valued at $5,298,000 after purchasing an additional 14,965 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of CF Industries by 42.4% in the first quarter. Mackenzie Financial Corp now owns 10,408 shares of the basic materials company’s stock valued at $813,000 after purchasing an additional 3,097 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of CF Industries during the first quarter valued at approximately $361,000. Finally, Vestcor Inc grew its holdings in CF Industries by 185.1% during the first quarter. Vestcor Inc now owns 9,147 shares of the basic materials company’s stock worth $715,000 after buying an additional 5,939 shares in the last quarter. 93.06% of the stock is owned by institutional investors.

CF Industries Stock Performance

CF Industries stock opened at $79.39 on Friday. The firm has a fifty day simple moving average of $84.92 and a two-hundred day simple moving average of $88.50. 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 twelve month low of $67.34 and a twelve month high of $104.45. The company has a market capitalization of $12.38 billion, a PE ratio of 10.36 and a beta of 0.89.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 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 the consensus estimate of $1.59 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 earnings per share. Research analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, November 14th. CF Industries’s dividend payout ratio is 24.10%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CF. HSBC dropped their price target on shares of CF Industries from $95.00 to $91.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Wells Fargo & Company assumed coverage on shares of CF Industries in a research report on Tuesday, November 11th. They issued an “overweight” rating and a $100.00 price target on the stock. Mizuho decreased their price target on CF Industries from $100.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. BNP Paribas Exane cut their price objective on shares of CF Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Finally, The Goldman Sachs Group decreased their target price on CF Industries from $96.00 to $94.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CF Industries currently has a consensus rating of “Hold” and an average target price of $94.33.

CF Industries Company 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.