CF Industries Holdings, Inc. $CF Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 781,752 shares of the basic materials company’s stock after selling 7,916 shares during the period. Legal & General Group Plc’s holdings in CF Industries were worth $71,921,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new stake in shares of CF Industries in the second quarter worth about $26,000. Zions Bancorporation National Association UT acquired a new position in CF Industries during the 1st quarter worth approximately $27,000. TCTC Holdings LLC lifted its position in CF Industries by 114.1% during the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 202 shares in the last quarter. Allworth Financial LP boosted its holdings in CF Industries by 123.0% in the 2nd quarter. Allworth Financial LP now owns 611 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 337 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in CF Industries in the first quarter valued at approximately $50,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CF shares. Scotiabank boosted their target price on shares of CF Industries from $82.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. UBS Group cut their price objective on shares of CF Industries from $96.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. BNP Paribas downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Rothschild & Co Redburn lifted their target price on CF Industries from $78.00 to $86.00 in a research report on Monday, November 10th. Finally, Wolfe Research raised CF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. One 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 given a Sell rating to the stock. According to data from MarketBeat, CF Industries presently has a consensus rating of “Hold” and a consensus price target of $94.33.

CF Industries Stock Performance

Shares of CF Industries stock opened at $77.69 on Wednesday. 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 1 year low of $67.34 and a 1 year high of $104.45. The firm’s 50-day simple moving average is $85.26 and its 200-day simple moving average is $88.68. The firm has a market cap of $12.12 billion, a PE ratio of 10.14 and a beta of 0.89.

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

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries’s dividend payout ratio is currently 24.10%.

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.