BI Asset Management Fondsmaeglerselskab A S Sells 50,232 Shares of CF Industries Holdings, Inc. $CF

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its holdings in CF Industries by 36.0%, now owning approximately 0.05% of the company with a total value of $6,965,000 after selling over 50,000 shares.
• CF Industries announced a $0.50 quarterly dividend to be paid on August 29th, representing an annualized yield of 2.4%, while its payout ratio is currently 26.11%.
• The company's stock has seen fluctuations, with a 1-year low of $67.34 and a high of $104.45, while it is currently down 0.6% from previous trading.

BI Asset Management Fondsmaeglerselskab A S cut its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 36.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,127 shares of the basic materials company's stock after selling 50,232 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned 0.05% of CF Industries worth $6,965,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in CF Industries by 1.5% during the first quarter. Vanguard Group Inc. now owns 21,040,601 shares of the basic materials company's stock worth $1,644,323,000 after buying an additional 319,343 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in CF Industries by 4.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company's stock valued at $473,220,000 after purchasing an additional 262,944 shares in the last quarter. Invesco Ltd. boosted its holdings in CF Industries by 4.4% during the first quarter. Invesco Ltd. now owns 5,708,643 shares of the basic materials company's stock valued at $446,130,000 after purchasing an additional 240,756 shares in the last quarter. Boston Partners boosted its holdings in CF Industries by 9.3% during the first quarter. Boston Partners now owns 3,623,708 shares of the basic materials company's stock valued at $283,169,000 after purchasing an additional 307,092 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in CF Industries by 8.2% during the first quarter. Northern Trust Corp now owns 3,108,209 shares of the basic materials company's stock valued at $242,907,000 after purchasing an additional 234,309 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on CF. Wells Fargo & Company decreased their price objective on CF Industries from $108.00 to $101.00 and set an "overweight" rating on the stock in a report on Monday, August 11th. BNP Paribas downgraded CF Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday. Wall Street Zen downgraded CF Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Scotiabank reaffirmed a "sector perform" rating and set a $82.00 price objective (up from $81.00) on shares of CF Industries in a report on Monday, August 11th. Finally, Wolfe Research downgraded CF Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, June 12th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, CF Industries has an average rating of "Hold" and a consensus target price of $95.00.

Insiders Place Their Bets

In related news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $100.23, for a total value of $1,002,300.00. Following the completion of the transaction, the executive vice president owned 87,923 shares in the company, valued at $8,812,522.29. The trade was a 10.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.71% of the stock is owned by company insiders.

CF Industries Price Performance

Shares of CF traded down $0.2880 on Monday, hitting $86.2220. The company's stock had a trading volume of 1,129,731 shares, compared to its average volume of 2,746,902. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. The company has a 50 day moving average price of $92.16 and a 200 day moving average price of $84.96. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The company has a market capitalization of $13.97 billion, a PE ratio of 11.24 and a beta of 0.94.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings data 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. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the previous year, the company posted $2.30 EPS. CF Industries's revenue was up 20.2% on a year-over-year basis. On average, research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 15th. CF Industries's payout ratio is 26.11%.

CF Industries declared that its board has authorized a stock repurchase program on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to buy up to 14.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

About CF Industries

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.