CF Industries Holdings, Inc. $CF Stock Sold by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management cut its CF Industries stake by 78.8% in the third quarter, leaving it with 3,601 shares valued at approximately $415,000. Institutional investors and hedge funds collectively own 93.06% of the company.
• CF Industries reported quarterly EPS of $4.73, missing analysts’ $5.63 estimate, while revenue reached $2.22 billion, up 17.6% year over year but below consensus.
• The company declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a 1.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $121.94, below the reported share price of $123.27.

Generali Asset Management SPA SGR cut its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 78.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,601 shares of the basic materials company's stock after selling 13,404 shares during the quarter. Generali Asset Management SPA SGR's holdings in CF Industries were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in CF Industries by 20,006.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 150,194 shares of the basic materials company's stock valued at $19,025,000 after buying an additional 149,447 shares during the last quarter. Vann Equity Management LLC increased its position in shares of CF Industries by 127.3% during the third quarter. Vann Equity Management LLC now owns 8,797 shares of the basic materials company's stock worth $1,071,000 after acquiring an additional 4,926 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of CF Industries by 2,298.8% during the third quarter. Farther Finance Advisors LLC now owns 97,462 shares of the basic materials company's stock worth $12,297,000 after acquiring an additional 93,399 shares during the last quarter. Saudi Central Bank lifted its stake in shares of CF Industries by 86.8% in the second quarter. Saudi Central Bank now owns 10,753 shares of the basic materials company's stock worth $1,164,000 after acquiring an additional 4,996 shares in the last quarter. Finally, S&CO Inc. acquired a new position in shares of CF Industries in the second quarter worth about $2,630,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Price Performance

Shares of NYSE CF opened at $123.27 on Friday. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $18.66 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 0.23 and a beta of 0.53. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96. The business has a 50 day simple moving average of $123.47 and a 200-day simple moving average of $115.96.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.63 by ($0.90). The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.37 earnings per share. As a group, equities research analysts expect that CF Industries Holdings, Inc. will post 13.68 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, November 16th. CF Industries's dividend payout ratio is 17.79%.

Analyst Ratings Changes

CF has been the subject of a number of analyst reports. KeyCorp assumed coverage on CF Industries in a report on Thursday, September 10th. They issued an "underweight" rating and a $115.00 price target for the company. Freedom Broker downgraded CF Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 26th. Scotiabank lifted their price objective on CF Industries from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. set a $115.00 target price on CF Industries and gave the company a "sector perform" rating in a research report on Monday, October 5th. Finally, Canadian Imperial Bank of Commerce increased their target price on CF Industries from $125.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, CF Industries presently has an average rating of "Hold" and a consensus price target of $121.94.

CF Industries Company Profile

CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.

The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.

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