CF Industries Holdings, Inc. $CF Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its CF Industries stake by 65.5% in the second quarter, selling 98,475 shares and retaining 51,963 shares valued at approximately $5.6 million. Institutional investors overall own 93.06% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $116.47. CF shares recently opened at $127.76, above the consensus target.
• CF Industries reported quarterly EPS of $4.73, missing estimates of $5.63, while revenue reached $2.22 billion and increased 17.6% year over year. The company raised its quarterly dividend to $0.60 per share, or $2.40 annually.

Corient Private Wealth LP lessened its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 65.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,963 shares of the basic materials company's stock after selling 98,475 shares during the quarter. Corient Private Wealth LP's holdings in CF Industries were worth $5,626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Amundi grew its holdings in shares of CF Industries by 50.4% during the second quarter. Amundi now owns 1,356,819 shares of the basic materials company's stock valued at $146,888,000 after buying an additional 454,529 shares in the last quarter. HighTower Advisors LLC increased its holdings in CF Industries by 253.0% in the 2nd quarter. HighTower Advisors LLC now owns 68,103 shares of the basic materials company's stock valued at $7,373,000 after buying an additional 48,811 shares during the period. Groupe la Francaise lifted its position in shares of CF Industries by 17.2% during the 2nd quarter. Groupe la Francaise now owns 56,553 shares of the basic materials company's stock worth $6,122,000 after buying an additional 8,299 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of CF Industries during the second quarter valued at $44,614,000. Finally, Wedmont Private Capital raised its position in CF Industries by 21.1% in the 2nd quarter. Wedmont Private Capital now owns 3,074 shares of the basic materials company's stock valued at $359,000 after purchasing an additional 536 shares during the last quarter. Institutional investors own 93.06% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. KeyCorp started coverage on shares of CF Industries in a research note on Thursday, September 10th. They set an "underweight" rating and a $115.00 price objective on the stock. HSBC lowered their target price on shares of CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Wall Street Zen cut shares of CF Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Berenberg Bank boosted their price target on CF Industries from $86.00 to $106.00 and gave the stock a "hold" rating in a research report on Thursday, May 28th. Finally, Weiss Ratings upgraded CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $116.47.

CF Industries Price Performance

Shares of CF opened at $127.76 on Friday. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The stock has a market cap of $19.34 billion, a P/E ratio of 9.47, a P/E/G ratio of 0.26 and a beta of 0.40. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The business's fifty day moving average is $125.63 and its 200 day moving average is $120.86.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.63 by ($0.90). The company had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The business's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $2.37 EPS. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. This is a positive change from CF Industries's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, August 14th. CF Industries's payout ratio is currently 17.79%.

CF Industries Profile

CF Industries Holdings, Inc is a global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and nitric acid, which are used primarily in agriculture to support crop production. Its industrial products also serve customers in areas such as emissions control, plastics, resins, chemicals and other manufacturing applications.

CF Industries operates production facilities in the United States, Canada and the United Kingdom and supplies agricultural and industrial customers in North America and international markets.

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