SeaBridge Investment Advisors LLC Sells 510 Shares of CF Industries Holdings, Inc. $CF

SeaBridge Investment Advisors LLC cut its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,890 shares of the basic materials company’s stock after selling 510 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in CF Industries were worth $1,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CF. Wealth Enhancement Advisory Services LLC raised its holdings in CF Industries by 46.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,839 shares of the basic materials company’s stock worth $584,000 after buying an additional 2,159 shares during the last quarter. GAMMA Investing LLC raised its holdings in CF Industries by 6,633.1% during the first quarter. GAMMA Investing LLC now owns 324,401 shares of the basic materials company’s stock worth $25,352,000 after buying an additional 319,583 shares during the last quarter. Rhumbline Advisers raised its holdings in CF Industries by 7.1% during the first quarter. Rhumbline Advisers now owns 371,293 shares of the basic materials company’s stock worth $29,016,000 after buying an additional 24,543 shares during the last quarter. Czech National Bank raised its holdings in CF Industries by 5.9% during the first quarter. Czech National Bank now owns 39,969 shares of the basic materials company’s stock worth $3,124,000 after buying an additional 2,238 shares during the last quarter. Finally, American National Bank & Trust acquired a new position in CF Industries during the first quarter worth $402,000. 93.06% of the stock is owned by institutional investors.

CF Industries Trading Up 2.6%

Shares of CF opened at $92.03 on Friday. The firm’s 50 day simple moving average is $87.53 and its 200 day simple moving average is $86.04. The company has a market capitalization of $14.91 billion, a P/E ratio of 12.01 and a beta of 0.95. 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 1-year low of $67.34 and a 1-year high of $104.45.

CF Industries (NYSE:CF) last announced 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. The firm 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 business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.30 EPS. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, August 15th. CF Industries’s payout ratio is presently 26.11%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CF shares. BNP Paribas downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Zacks Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. 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. JPMorgan Chase & Co. upgraded shares of CF Industries from an “underweight” rating to a “neutral” rating and increased their target price for the company from $75.00 to $92.00 in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada set a $100.00 target price on shares of 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $95.00.

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.