Clear Harbor Asset Management LLC Decreases Stock Position in CF Industries Holdings, Inc. $CF

Key Points

• Clear Harbor Asset Management LLC has significantly reduced its stake in CF Industries Holdings, Inc. by 54.7% during the second quarter, now holding 12,086 shares valued at $1,112,000.
• Several institutional investors, including Pacer Advisors Inc. and Bank of New York Mellon Corp., have increased their holdings in CF Industries dramatically, reflecting continued interest in the stock.
• CF Industries has reported a 20.2% year-over-year increase in revenue for the latest quarter, with earnings per share of $2.37, exceeding analyst expectations.

Clear Harbor Asset Management LLC reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 54.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,086 shares of the basic materials company's stock after selling 14,594 shares during the quarter. Clear Harbor Asset Management LLC's holdings in CF Industries were worth $1,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CF. Pacer Advisors Inc. boosted its stake in shares of CF Industries by 8,352.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company's stock valued at $113,422,000 after buying an additional 1,434,168 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of CF Industries by 72.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company's stock valued at $178,053,000 after buying an additional 959,901 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of CF Industries by 113.1% during the 1st quarter. AQR Capital Management LLC now owns 928,701 shares of the basic materials company's stock valued at $72,123,000 after buying an additional 492,846 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of CF Industries by 16.8% during 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 last quarter. Finally, Nuveen LLC purchased a new position in shares of CF Industries during the 1st quarter valued at approximately $34,179,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Price Performance

Shares of NYSE CF opened at $85.71 on Tuesday. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $104.45. 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 business's fifty day moving average price is $87.78 and its two-hundred day moving average price is $85.74. The firm has a market capitalization of $13.88 billion, a PE ratio of 11.19 and a beta of 0.95.

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

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.00 annualized dividend and a yield of 2.3%. CF Industries's dividend payout ratio (DPR) is currently 26.11%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Morgan Stanley set a $95.00 target price on CF Industries and gave the company an "equal weight" rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. upgraded CF Industries from an "underweight" rating to a "neutral" rating and increased their target price for the company from $75.00 to $92.00 in a research note on Tuesday, July 29th. Scotiabank restated a "sector perform" rating and set a $82.00 price objective (up from $81.00) on shares of CF Industries in a research note on Monday, August 11th. BNP Paribas cut CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Finally, Wells Fargo & Company reduced their price objective on CF Industries from $108.00 to $101.00 and set an "overweight" rating on the stock in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.

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