Investors Research Corp Reduces Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Investors Research Corp trimmed its stake in CF Industries Holdings, Inc. (NYSE:CF) by 0.9% in the third quarter, HoldingsChannel.com reports. The fund owned 27,967 shares of the basic materials company’s stock after selling 250 shares during the quarter. Investors Research Corp’s holdings in CF Industries were worth $2,400,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CF. Victory Capital Management Inc. grew its position in CF Industries by 401.2% during the second quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock valued at $269,729,000 after acquiring an additional 2,912,942 shares during the period. Boston Partners increased its position in CF Industries by 37.5% during the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after purchasing an additional 835,557 shares in the last quarter. International Assets Investment Management LLC lifted its position in CF Industries by 7,617.5% during the third quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after buying an additional 431,910 shares in the last quarter. LSV Asset Management grew its stake in CF Industries by 154.3% during the second quarter. LSV Asset Management now owns 408,703 shares of the basic materials company’s stock worth $30,293,000 after buying an additional 248,003 shares during the period. Finally, Swedbank AB acquired a new stake in shares of CF Industries in the first quarter worth $19,824,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Scotiabank raised their price objective on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their price target on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Royal Bank of Canada increased their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. UBS Group boosted their target price on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, Barclays raised their price target on shares of CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $88.42.

Insider Buying and Selling

In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the sale, the executive vice president now owns 66,268 shares in the company, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the sale, the vice president now directly owns 29,211 shares in the company, valued at $2,629,574.22. This trade represents a 19.78 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

CF Industries Price Performance

Shares of NYSE CF traded up $0.24 during mid-day trading on Thursday, reaching $90.15. The company had a trading volume of 43,662 shares, compared to its average volume of 2,065,842. The stock has a market cap of $15.69 billion, a PE ratio of 14.23, a P/E/G ratio of 2.31 and a beta of 0.97. The company has a 50-day moving average price of $84.78 and a two-hundred day moving average price of $79.12. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $90.86.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The business’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.22%. CF Industries’s payout ratio is 31.65%.

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.