Chevy Chase Trust Holdings LLC Has $7.88 Million Position in CF Industries Holdings, Inc. $CF

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in CF Industries by 6.1% during the 2nd quarter, lowering its holdings to approximately $7.88 million and 85,698 shares.
• The company recently reported earnings of $2.37 per share, surpassing analysts' expectations, and experienced a 20.2% increase in revenue year-over-year.
• CF Industries declared a quarterly dividend of $0.50 per share, with an expected annual yield of 2.4%, to be payable on November 28th.

Chevy Chase Trust Holdings LLC reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 6.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,698 shares of the basic materials company's stock after selling 5,568 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of CF Industries worth $7,884,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Nordea Investment Management AB boosted its position in shares of CF Industries by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 15,262 shares of the basic materials company's stock valued at $1,395,000 after acquiring an additional 114 shares in the last quarter. Empirical Asset Management LLC bought a new position in CF Industries during the 2nd quarter valued at about $575,000. Allianz Asset Management GmbH lifted its holdings in CF Industries by 72.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company's stock valued at $159,061,000 after purchasing an additional 724,329 shares during the last quarter. NorthRock Partners LLC lifted its holdings in CF Industries by 30.9% during the 2nd quarter. NorthRock Partners LLC now owns 3,972 shares of the basic materials company's stock valued at $365,000 after purchasing an additional 937 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in CF Industries during the 2nd quarter valued at about $249,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Trading Up 0.5%

CF opened at $83.93 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 10.96 and a beta of 0.93. The firm has a 50 day simple moving average of $86.66 and a 200 day simple moving average of $87.31. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45.

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

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries's payout ratio is 26.11%.

Analyst Ratings Changes

Several brokerages recently issued reports on CF. Weiss Ratings reissued a "hold (c+)" rating on shares of CF Industries in a report on Tuesday, October 14th. Scotiabank reaffirmed a "sector perform" rating and issued a $82.00 target price (up from $81.00) on shares of CF Industries in a research note on Monday, August 11th. Wells Fargo & Company boosted their target price on shares of CF Industries from $101.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday. Wall Street Zen raised shares of CF Industries from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, BNP Paribas downgraded shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $96.92.

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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