Eminence Capital LP Sells 63,362 Shares of CF Industries Holdings, Inc. $CF

Eminence Capital LP lowered its stake in CF Industries Holdings, Inc. (NYSE:CF) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,276,307 shares of the basic materials company’s stock after selling 63,362 shares during the period. Eminence Capital LP owned approximately 0.82% of CF Industries worth $98,710,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Stance Capital LLC bought a new position in shares of CF Industries in the third quarter worth $42,000. MUFG Securities EMEA plc bought a new position in shares of CF Industries in the second quarter worth $44,000. Hantz Financial Services Inc. increased its position in shares of CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 156 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of CF Industries in the fourth quarter worth $43,000. Finally, WPG Advisers LLC increased its position in shares of CF Industries by 69.8% in the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 227 shares during the period. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CF shares. JPMorgan Chase & Co. lifted their target price on CF Industries from $94.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Canadian Imperial Bank of Commerce lifted their target price on CF Industries from $118.00 to $128.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Wells Fargo & Company lifted their target price on CF Industries from $100.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. BMO Capital Markets lifted their target price on CF Industries from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings upgraded CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $117.75.

CF Industries Stock Performance

CF Industries stock opened at $105.70 on Thursday. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $119.09 and its two-hundred day moving average price is $104.43. The stock has a market cap of $16.24 billion, a PE ratio of 9.50 and a beta of 0.38.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $1.35. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm posted $1.85 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, analysts expect that CF Industries Holdings, Inc. will post 15.84 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 15th. CF Industries’s dividend payout ratio (DPR) is presently 17.97%.

CF Industries Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.