Lbp Am Sa Trims Holdings in CF Industries Holdings, Inc. $CF

Lbp Am Sa lessened its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 10.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,631 shares of the basic materials company’s stock after selling 1,310 shares during the period. Lbp Am Sa’s holdings in CF Industries were worth $1,070,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Truist Financial Corp increased its holdings in CF Industries by 5.2% during the 2nd quarter. Truist Financial Corp now owns 8,436 shares of the basic materials company’s stock valued at $776,000 after purchasing an additional 418 shares during the period. Sage Rhino Capital LLC increased its holdings in CF Industries by 50.6% during the 2nd quarter. Sage Rhino Capital LLC now owns 10,519 shares of the basic materials company’s stock valued at $968,000 after purchasing an additional 3,536 shares during the period. American National Bank & Trust increased its holdings in CF Industries by 14.0% during the 2nd quarter. American National Bank & Trust now owns 5,868 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 722 shares during the period. Bank Pictet & Cie Europe AG purchased a new position in CF Industries during the 2nd quarter valued at about $1,387,000. Finally, Perigon Wealth Management LLC increased its holdings in CF Industries by 6.4% during the 2nd quarter. Perigon Wealth Management LLC now owns 7,420 shares of the basic materials company’s stock valued at $683,000 after purchasing an additional 448 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

CF Industries stock opened at $89.76 on Friday. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $14.54 billion, a P/E ratio of 11.72 and a beta of 0.93. The stock’s 50 day moving average is $87.26 and its 200 day moving average is $86.31. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45.

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

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. CF Industries’s dividend payout ratio is presently 26.11%.

Analyst Ratings Changes

A number of research analysts have weighed in on CF shares. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $95.00 to $100.00 in a report on Wednesday, August 13th. Wolfe Research downgraded CF Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 12th. Scotiabank reiterated a “sector perform” rating and set a $82.00 target price (up previously from $81.00) on shares of CF Industries in a report on Monday, August 11th. Bank of America reiterated an “underperform” rating and set a $82.00 target price (down previously from $93.00) on shares of CF Industries in a report on Thursday, August 14th. Finally, Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and an average price target of $95.00.

CF Industries 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.