CF Industries Holdings, Inc. $CF Position Reduced by Powszechne Towarzystwo Emerytalne Allianz Polska S.A.

Key Points

• Powszechne Towarzystwo Emerytalne Allianz Polska S.A. reduced its stake in CF Industries by 11.5%, now holding approximately $35.5 million worth of shares, making it the company's second largest position.
• CF Industries recently declared a $0.50 quarterly dividend, translating to an annual yield of 2.4%, with the payout scheduled for November 28th.
• Analysts have set a consensus price target of $96.92 for CF Industries, with a majority rating the stock as a "Hold" and a few rating it as a "Buy."

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. lessened its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 11.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 386,280 shares of the basic materials company's stock after selling 50,280 shares during the period. CF Industries accounts for about 14.5% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.'s portfolio, making the stock its 2nd largest position. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. owned 0.23% of CF Industries worth $35,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in CF Industries by 1.5% in the 1st 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 during the period. Charles Schwab Investment Management Inc. increased its stake in CF Industries by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company's stock worth $473,220,000 after buying an additional 262,944 shares during the period. Invesco Ltd. increased its stake in CF Industries by 4.4% in the 1st quarter. Invesco Ltd. now owns 5,708,643 shares of the basic materials company's stock worth $446,130,000 after buying an additional 240,756 shares during the period. Boston Partners increased its stake in CF Industries by 9.3% in the 1st quarter. Boston Partners now owns 3,623,708 shares of the basic materials company's stock worth $283,169,000 after buying an additional 307,092 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in CF Industries by 16.8% in the 1st quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company's stock worth $255,977,000 after buying an additional 470,746 shares during the period. Hedge funds and other institutional investors own 93.06% of the company's stock.

Analysts Set New Price Targets

CF has been the topic of a number of research reports. Mizuho raised their target price on shares of CF Industries from $97.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, October 9th. Morgan Stanley set a $95.00 target price on shares of CF Industries and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada set a $100.00 target price on shares of CF Industries and gave the company a "sector perform" rating in a research report on Monday, July 14th. Zacks Research downgraded shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Finally, Scotiabank reissued a "sector perform" rating and set a $82.00 target price (up previously from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $96.92.

CF Industries Stock Up 0.5%

NYSE:CF opened at $83.93 on Tuesday. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The stock has a market capitalization of $13.59 billion, a P/E ratio of 10.96 and a beta of 0.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. The company's 50-day simple moving average is $86.66 and its 200-day simple moving average is $87.31.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same period last year, the business earned $2.30 EPS. The company's revenue was up 20.2% compared to the same quarter last year. On average, equities analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 14th. CF Industries's dividend payout ratio (DPR) is currently 26.11%.

CF Industries Company 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.

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