Generali Asset Management SPA SGR Decreases Stock Position in CF Industries Holdings, Inc. $CF

Key Points

• Generali Asset Management SPA SGR reduced its position in CF Industries Holdings, Inc. by 45.6%, selling 16,859 shares and retaining a total of 20,082 shares valued at approximately $1.85 million.
• CF Industries' recent quarterly earnings showed a profit of $2.37 EPS, exceeding estimates, with revenue increasing by 20.2% year-over-year to $1.89 billion.
• The company has announced a $0.50 per share dividend scheduled for payout on November 28, with a dividend yield of 2.4% and a payout ratio of 26.11%.

Generali Asset Management SPA SGR reduced its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 45.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,082 shares of the basic materials company's stock after selling 16,859 shares during the period. Generali Asset Management SPA SGR's holdings in CF Industries were worth $1,848,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CF. Trust Co. of Toledo NA OH purchased a new position in CF Industries in the 2nd quarter worth approximately $26,000. Zions Bancorporation National Association UT purchased a new position in CF Industries in the 1st quarter worth approximately $27,000. Golden State Wealth Management LLC raised its holdings in CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock worth $30,000 after acquiring an additional 206 shares during the last quarter. TCTC Holdings LLC grew its position in CF Industries by 114.1% in the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock worth $30,000 after purchasing an additional 202 shares during the period. Finally, Summit Securities Group LLC bought a new stake in CF Industries in the 1st quarter worth approximately $50,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Trading Up 0.7%

Shares of CF stock opened at $83.59 on Friday. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45. The firm has a fifty day moving average price of $86.64 and a 200-day moving average price of $87.13. 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 $13.54 billion, a price-to-earnings ratio of 10.91 and a beta of 0.93.

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

CF Industries Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. CF Industries's payout ratio is 26.11%.

Analysts Set New Price Targets

A number of equities research analysts have commented on CF shares. Royal Bank Of Canada set a $100.00 target price on shares of CF Industries and gave the stock a "sector perform" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. raised shares of CF Industries from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $75.00 to $92.00 in a research report on Tuesday, July 29th. BNP Paribas downgraded shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Wells Fargo & Company lifted their target price on shares of CF Industries from $101.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Wall Street Zen raised shares of CF Industries from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $96.92.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.