CF Industries Holdings, Inc. $CF Position Trimmed by Sippican Capital Advisors

Sippican Capital Advisors decreased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 57.2% during the first quarter, Holdings Channel.com reports. The firm owned 6,592 shares of the basic materials company’s stock after selling 8,813 shares during the period. Sippican Capital Advisors’ holdings in CF Industries were worth $856,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CF Industries by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company’s stock valued at $1,368,000 after buying an additional 518 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of CF Industries by 161.1% during the 1st quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company’s stock valued at $928,000 after buying an additional 7,324 shares during the period. Woodline Partners LP grew its holdings in shares of CF Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company’s stock valued at $1,149,000 after acquiring an additional 4,252 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of CF Industries by 21.8% during the 1st quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company’s stock valued at $278,000 after acquiring an additional 638 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of CF Industries by 141.6% in the first quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 463 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CF has been the subject of several recent research reports. BMO Capital Markets increased their price objective on CF Industries from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Wall Street Zen upgraded CF Industries from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Bank of America upped their target price on CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Barclays lifted their price target on CF Industries from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Mizuho boosted their price target on CF Industries from $100.00 to $105.00 and gave the company an “underperform” rating in a research note on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average target price of $118.50.

CF Industries Trading Down 0.4%

CF Industries stock opened at $105.31 on Tuesday. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The company’s fifty day moving average price is $116.01 and its two-hundred day moving average price is $105.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of 9.46 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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.84 billion. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.85 earnings per share. On average, analysts forecast that CF Industries Holdings, Inc. will post 15.6 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 15th. CF Industries’s payout ratio is 17.97%.

CF Industries Company 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.