Denali Advisors LLC Sells 8,405 Shares of CF Industries Holdings, Inc. $CF

Key Points

• Denali Advisors cut its CF Industries stake by 69.3% in the second quarter, selling 8,405 shares and retaining 3,717 shares valued at approximately $402,000. Institutional investors collectively own 93.06% of the company.
• Analyst sentiment remains mixed, with CF Industries carrying a consensus “Hold” rating and an average price target of $116.56. Shares opened at $125.68, while the company’s stock has traded between $75.42 and $141.96 over the past year.
• CF Industries missed quarterly earnings and revenue expectations, reporting $4.73 in EPS and $2.22 billion in revenue, although revenue rose 17.6% year over year. The company increased its quarterly dividend from $0.50 to $0.60 per share, implying a 1.9% annual yield.

Denali Advisors LLC lessened its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 69.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,717 shares of the basic materials company's stock after selling 8,405 shares during the period. Denali Advisors LLC's holdings in CF Industries were worth $402,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CF. BlackRock Inc. bought a new stake in CF Industries during the second quarter worth about $1,410,607,000. Dimensional Fund Advisors LP raised its holdings in shares of CF Industries by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company's stock valued at $579,062,000 after buying an additional 146,682 shares in the last quarter. Boston Partners raised its holdings in shares of CF Industries by 15.3% during the 3rd quarter. Boston Partners now owns 3,587,999 shares of the basic materials company's stock valued at $321,852,000 after buying an additional 476,769 shares in the last quarter. Invesco Ltd. lifted its position in CF Industries by 12.0% in the 4th quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company's stock worth $276,123,000 after buying an additional 381,716 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in CF Industries by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 3,287,256 shares of the basic materials company's stock worth $302,428,000 after buying an additional 11,792 shares in the last quarter. Institutional investors own 93.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CF shares. Morgan Stanley decreased their price target on shares of CF Industries from $135.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of CF Industries in a research note on Monday, June 29th. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating and set a $129.00 target price on shares of CF Industries in a report on Friday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of CF Industries from $94.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Finally, Bank of America boosted their price target on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, CF Industries presently has a consensus rating of "Hold" and a consensus price target of $116.56.

CF Industries Stock Up 5.6%

Shares of NYSE CF opened at $125.68 on Friday. The firm's fifty day moving average is $115.58 and its 200 day moving average is $115.57. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. 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 company has a market cap of $19.02 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 0.23 and a beta of 0.39.

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

CF Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a boost from CF Industries's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. CF Industries's payout ratio is 17.79%.

CF Industries Company 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.

Want to see what other hedge funds are holding CF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CF Industries Holdings, Inc. (NYSE:CF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source