Patton Fund Management Inc. Has $2.18 Million Holdings in CF Industries Holdings, Inc. $CF

Key Points

• Patton Fund Management Inc. reduced its holdings in CF Industries by 41.8% during the second quarter, now owning 23,644 shares worth approximately $2.18 million.
• CF Industries recently reported $2.37 earnings per share for the quarter, beating estimates with a revenue of $1.89 billion, a 20.2% increase compared to the previous year.
• The company declared a quarterly dividend of $0.50, which represents a 2.2% dividend yield, with a payout ratio of 26.11%.

Patton Fund Management Inc. lessened its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 41.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,644 shares of the basic materials company's stock after selling 16,951 shares during the quarter. Patton Fund Management Inc.'s holdings in CF Industries were worth $2,175,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CF. Pacer Advisors Inc. increased its position in CF Industries by 8,352.8% during the first quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company's stock worth $113,422,000 after buying an additional 1,434,168 shares during the last quarter. Bank of New York Mellon Corp increased its position in CF Industries by 72.8% during the first quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company's stock worth $178,053,000 after buying an additional 959,901 shares during the last quarter. AQR Capital Management LLC increased its position in CF Industries by 113.1% during the first quarter. AQR Capital Management LLC now owns 928,701 shares of the basic materials company's stock worth $72,123,000 after buying an additional 492,846 shares during the last quarter. Ameriprise Financial Inc. increased its position in CF Industries by 16.8% during the first quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company's stock worth $255,977,000 after buying an additional 470,746 shares during the last quarter. Finally, Nuveen LLC acquired a new position in CF Industries during the first quarter worth approximately $34,179,000. Institutional investors and hedge funds own 93.06% of the company's stock.

CF Industries Trading Up 2.6%

Shares of CF stock opened at $92.03 on Friday. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The stock has a market cap of $14.91 billion, a P/E ratio of 12.01 and a beta of 0.95. The stock has a 50 day simple moving average of $87.53 and a 200 day simple moving average of $85.98. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45.

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

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, August 15th. CF Industries's payout ratio is 26.11%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Scotiabank reaffirmed a "sector perform" rating and issued a $82.00 target price (up previously from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Barclays raised CF Industries from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $95.00 to $100.00 in a research report on Wednesday, August 13th. Wolfe Research downgraded CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. Bank of America reaffirmed an "underperform" rating and issued a $82.00 target price (down previously from $93.00) on shares of CF Industries in a research report on Thursday, August 14th. Finally, HSBC decreased their target price on CF Industries from $104.00 to $95.00 and set a "hold" rating on the stock in a research report on Monday, September 15th. Three 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 stock has an average rating of "Hold" and a consensus 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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