PNC Financial Services Group Inc. decreased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 27.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,509 shares of the basic materials company’s stock after selling 21,116 shares during the period. PNC Financial Services Group Inc.’s holdings in CF Industries Holdings were worth $1,657,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CF. FMR LLC raised its stake in CF Industries Holdings by 12.1% in the first quarter. FMR LLC now owns 23,826,054 shares of the basic materials company’s stock valued at $699,295,000 after buying an additional 2,577,455 shares during the last quarter. Norges Bank acquired a new stake in CF Industries Holdings during the fourth quarter valued at about $51,255,000. Ameriprise Financial Inc. raised its stake in CF Industries Holdings by 141.9% in the first quarter. Ameriprise Financial Inc. now owns 2,027,780 shares of the basic materials company’s stock valued at $59,515,000 after buying an additional 1,189,396 shares during the last quarter. Pioneer Investment Management Inc. raised its stake in CF Industries Holdings by 146.2% in the first quarter. Pioneer Investment Management Inc. now owns 1,672,836 shares of the basic materials company’s stock valued at $49,098,000 after buying an additional 993,403 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in CF Industries Holdings by 1,077.6% in the first quarter. Victory Capital Management Inc. now owns 994,693 shares of the basic materials company’s stock valued at $29,194,000 after buying an additional 910,226 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

CF Industries Holdings, Inc. (NYSE CF) opened at 27.41 on Tuesday. The company has a 50-day moving average of $27.40 and a 200-day moving average of $30.18. CF Industries Holdings, Inc. has a 1-year low of $20.77 and a 1-year high of $37.17. The company’s market capitalization is $6.39 billion.

CF Industries Holdings (NYSE:CF) last released its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.04. CF Industries Holdings had a positive return on equity of 0.41% and a negative net margin of 8.77%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $988.56 million. During the same period in the prior year, the firm posted $0.40 earnings per share. CF Industries Holdings’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts expect that CF Industries Holdings, Inc. will post ($0.21) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, May 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.38%. CF Industries Holdings’s dividend payout ratio is presently -85.71%.

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CF has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) upgraded shares of CF Industries Holdings from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Monday, March 20th. Vetr upgraded shares of CF Industries Holdings from a “sell” rating to a “strong-buy” rating and set a $38.00 price target for the company in a research report on Monday, March 20th. Citigroup Inc. cut their price target on shares of CF Industries Holdings from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, April 11th. Barclays PLC restated an “equal weight” rating and set a $32.00 price target (down from $34.00) on shares of CF Industries Holdings in a research report on Saturday, April 22nd. Finally, Credit Suisse Group restated a “buy” rating and set a $31.00 price target on shares of CF Industries Holdings in a research report on Friday, April 21st. Four analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. CF Industries Holdings presently has an average rating of “Hold” and a consensus price target of $31.92.

About CF Industries Holdings

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).

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Institutional Ownership by Quarter for CF Industries Holdings (NYSE:CF)

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