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

Parkside Investments LLC trimmed its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 31.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CX Institutional bought a new position in shares of CF Industries during the 1st quarter valued at approximately $190,000. Sarasin & Partners LLP bought a new position in shares of CF Industries during the 1st quarter valued at approximately $1,716,000. Handelsbanken Fonder AB grew its position in shares of CF Industries by 11.4% during the 1st quarter. Handelsbanken Fonder AB now owns 43,100 shares of the basic materials company's stock valued at $3,368,000 after acquiring an additional 4,400 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of CF Industries during the 1st quarter valued at approximately $343,000. Finally, Wedge Capital Management L L P NC grew its position in shares of CF Industries by 7.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 81,494 shares of the basic materials company's stock valued at $6,369,000 after acquiring an additional 5,575 shares during the period. 93.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CF. UBS Group raised their price objective on shares of CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. BNP Paribas raised shares of CF Industries to a "strong-buy" rating in a report on Wednesday, April 9th. Bank of America raised shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price objective for the company in a report on Monday, February 24th. Royal Bank of Canada cut their price objective on shares of CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Finally, Oppenheimer downgraded shares of CF Industries from an "outperform" rating to a "market perform" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $90.21.

CF Industries Trading Up 6.5%

Shares of CF stock traded up $6.10 on Friday, hitting $99.93. 6,205,431 shares of the company's stock traded hands, compared to its average volume of 2,155,080. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $100.48. The company's fifty day simple moving average is $83.41 and its 200 day simple moving average is $84.08. The stock has a market capitalization of $16.94 billion, a price-to-earnings 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 released its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm earned $1.03 EPS. The firm's quarterly revenue was up 13.1% compared to the same quarter last year. Equities analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

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

CF Industries announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 7th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 14.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

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.