Parkside Investments LLC Sells 26,585 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Parkside Investments LLC reduced its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 31.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,102 shares of the basic materials company's stock after selling 26,585 shares during the quarter. Parkside Investments LLC's holdings in CF Industries were worth $4,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mizuho Bank Ltd. acquired a new position in shares of CF Industries in the 4th quarter worth approximately $26,000. Curat Global LLC acquired a new position in CF Industries during the 1st quarter worth $25,000. Heck Capital Advisors LLC acquired a new position in CF Industries during the 4th quarter worth $34,000. Creative Financial Designs Inc. ADV lifted its holdings in CF Industries by 50.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock worth $41,000 after buying an additional 161 shares in the last quarter. Finally, Asset Planning Inc acquired a new position in CF Industries during the 4th quarter worth $44,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CF has been the topic of several research reports. Scotiabank raised CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price objective on the stock in a report on Wednesday, April 9th. Bank of America raised CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price objective on the stock in a report on Monday, February 24th. Oppenheimer cut shares of CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. Morgan Stanley dropped their target price on shares of CF Industries from $85.00 to $80.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Finally, Barclays upped their target price on shares of CF Industries from $87.00 to $91.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $90.21.

CF Industries Stock Up 6.5%

Shares of CF Industries stock traded up $6.10 during trading hours on Friday, reaching $99.93. 6,205,431 shares of the company's stock were exchanged, compared to its average volume of 2,155,080. The company has a 50 day moving average of $83.41 and a two-hundred day moving average of $84.08. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $100.48. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The stock has a market cap of $16.94 billion, a P/E ratio of 14.76, a P/E/G ratio of 0.37 and a beta of 0.97.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.38. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business posted $1.03 EPS. The company's quarterly revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries declared that its board has authorized a stock buyback plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to repurchase up to 14.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 2.00%. CF Industries's dividend payout ratio (DPR) is currently 26.35%.

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.