CF Industries Holdings, Inc. $CF Shares Sold by Forum Financial Management LP

Forum Financial Management LP lessened its stake in CF Industries Holdings, Inc. (NYSE:CF) by 3.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,240 shares of the basic materials company’s stock after selling 137 shares during the quarter. Forum Financial Management LP’s holdings in CF Industries were worth $390,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CF. Pacer Advisors Inc. lifted its stake in CF Industries by 8,352.8% in the first quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company’s stock worth $113,422,000 after acquiring an additional 1,434,168 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of CF Industries by 72.8% during the 1st 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 purchasing an additional 959,901 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of 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 purchasing an additional 724,329 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in CF Industries in the second quarter valued at $63,104,000. Finally, AQR Capital Management LLC raised its stake in CF Industries by 113.1% in the first quarter. AQR Capital Management LLC now owns 928,701 shares of the basic materials company’s stock valued at $72,123,000 after buying an additional 492,846 shares in the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Price Performance

Shares of CF opened at $86.43 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The firm has a 50-day simple moving average of $86.71 and a 200-day simple moving average of $87.63. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 11.28 and a beta of 0.93.

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

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is 26.11%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Scotiabank reiterated a “sector perform” rating and issued a $82.00 price objective (up previously from $81.00) on shares of CF Industries in a report on Monday, August 11th. Mizuho increased their price target 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 cut their price objective on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating on the stock in a report on Monday, September 15th. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $95.00 to $100.00 in a research report on Wednesday, August 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of CF Industries in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $97.54.

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.