CF Industries Holdings, Inc. $CF Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 20.6% in the second quarter, HoldingsChannel reports. The firm owned 1,808,720 shares of the basic materials company’s stock after selling 469,634 shares during the quarter. Bank of New York Mellon Corp’s holdings in CF Industries were worth $166,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in CF Industries by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 21,040,601 shares of the basic materials company’s stock valued at $1,644,323,000 after acquiring an additional 319,343 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 valued at $473,220,000 after acquiring an additional 262,944 shares in the last quarter. Invesco Ltd. raised its stake in CF Industries by 4.4% during the 1st quarter. Invesco Ltd. now owns 5,708,643 shares of the basic materials company’s stock valued at $446,130,000 after acquiring an additional 240,756 shares in the last quarter. Boston Partners raised its stake in CF Industries by 9.3% during the 1st quarter. Boston Partners now owns 3,623,708 shares of the basic materials company’s stock valued at $283,169,000 after acquiring an additional 307,092 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in CF Industries by 16.8% during the 1st quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company’s stock valued at $255,977,000 after acquiring an additional 470,746 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $95.00 to $100.00 in a research note on Wednesday, August 13th. Scotiabank reaffirmed a “sector perform” rating and set a $82.00 target price (up previously from $81.00) on shares of CF Industries in a research note on Monday, August 11th. Bank of America boosted their price objective on CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. raised CF Industries from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $92.00 in a research note on Tuesday, July 29th. Finally, Wall Street Zen raised CF Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $97.54.

CF Industries Stock Up 0.6%

Shares of CF Industries stock opened at $85.06 on Thursday. The stock’s fifty day moving average is $86.53 and its 200-day moving average is $88.42. The firm has a market capitalization of $13.78 billion, a PE ratio of 11.10 and a beta of 0.93. 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 12-month low of $67.34 and a 12-month high of $104.45.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.02. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.CF Industries’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.30 earnings per share. Equities analysts anticipate 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. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. CF Industries’s payout ratio is 26.11%.

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.