CF Industries Holdings, Inc. $CF Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors cut its CF Industries stake by 53% in the first quarter, selling 14,612 shares and retaining 12,956 shares valued at approximately $1.68 million. Institutional investors collectively own 93.06% of the company.
• Analysts remain broadly neutral on CF Industries, with a consensus “Hold” rating and an average price target of $116.56, despite several firms raising their targets.
• CF Industries reported quarterly earnings of $4.73 per share, below the $5.63 consensus estimate, while revenue rose 17.6% year over year to $2.22 billion. The company also increased its quarterly dividend from $0.50 to $0.60 per share.

NewEdge Advisors LLC trimmed its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 53.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,956 shares of the basic materials company's stock after selling 14,612 shares during the period. NewEdge Advisors LLC's holdings in CF Industries were worth $1,682,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Himension Capital Singapore PTE. LTD. acquired a new stake in CF Industries during the first quarter worth approximately $25,000. Hantz Financial Services Inc. grew its holdings in CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 156 shares during the period. WPG Advisers LLC increased its position in CF Industries by 69.8% during the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company's stock worth $43,000 after purchasing an additional 227 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in CF Industries during the second quarter worth approximately $44,000. Finally, MV Capital Management Inc. purchased a new position in CF Industries during the fourth quarter worth approximately $52,000. Institutional investors and hedge funds own 93.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Berenberg Bank raised their price objective on CF Industries from $86.00 to $106.00 and gave the stock a "hold" rating in a report on Thursday, May 28th. UBS Group raised their price target on shares of CF Industries from $115.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating and set a $129.00 price target on shares of CF Industries in a research report on Friday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of CF Industries from $94.00 to $115.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 3rd. Finally, The Goldman Sachs Group dropped their price objective on shares of CF Industries from $133.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, CF Industries has an average rating of "Hold" and a consensus price target of $116.56.

CF Industries Trading Up 1.1%

NYSE:CF opened at $118.32 on Friday. The company has a market cap of $17.91 billion, a PE ratio of 8.77 and a beta of 0.39. The business's 50 day moving average is $114.61 and its two-hundred day moving average is $114.63. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96.

CF Industries (NYSE:CF - Get Free Report) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts' consensus estimates of $5.63 by ($0.90). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the company posted $2.37 earnings per share. On average, analysts predict that CF Industries Holdings, Inc. will post 13.85 EPS for the current year.

CF Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.60 dividend. This is a positive change from CF Industries's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. CF Industries's dividend payout ratio is currently 14.83%.

CF Industries Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.

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