CF Industries Holdings, Inc. $CF Shares Sold by Amundi

Key Points

• Amundi reduced its stake in CF Industries Holdings, Inc. by 5.1% during Q1, owning 809,248 shares valued at approximately $64.3 million by the end of the quarter.
• CF Industries received mixed ratings from analysts, with JPMorgan upgrading its rating and raising its price target from $75 to $92, while Zacks downgraded it from "strong-buy" to "hold."
• The company reported earnings of $2.37 per share, exceeding estimates, and announced a quarterly dividend of $0.50, reflecting a 2.4% annualized yield.

Amundi trimmed its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 809,248 shares of the basic materials company's stock after selling 43,769 shares during the quarter. Amundi owned approximately 0.48% of CF Industries worth $64,279,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of 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 valued at $1,644,323,000 after acquiring 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 valued at $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 valued at $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 valued at $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 valued at $255,977,000 after buying an additional 470,746 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CF Industries

In related news, EVP Susan L. Menzel sold 10,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the completion of the sale, the executive vice president owned 87,923 shares of the company's stock, valued at approximately $8,812,522.29. This represents a 10.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.71% of the company's stock.

CF Industries Trading Up 2.6%

Shares of CF stock traded up $2.18 during trading hours on Wednesday, hitting $86.84. 2,312,234 shares of the company were exchanged, compared to its average volume of 2,733,717. The firm has a market cap of $14.07 billion, a PE ratio of 11.34 and a beta of 0.95. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45. 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 firm has a fifty day moving average of $89.70 and a 200 day moving average of $85.21.

CF Industries (NYSE:CF - Get Free Report) last announced 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. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The company's revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.30 EPS. Analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 15th. CF Industries's dividend payout ratio is presently 26.11%.

Wall Street Analyst Weigh In

CF has been the topic of several recent research reports. BNP Paribas cut shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Morgan Stanley set a $95.00 price objective on shares of CF Industries and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Zacks Research cut shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Barclays raised shares of CF Industries from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $95.00 to $100.00 in a research note on Wednesday, August 13th. Finally, Wolfe Research cut shares of CF Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, June 12th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.