State of Wyoming Sells 7,519 Shares of CF Industries Holdings, Inc. $CF

Key Points

• The State of Wyoming reduced its stake in CF Industries Holdings by 83.6%, now holding 1,476 shares valued at $115,000 after selling 7,519 shares in the first quarter.
• CF Industries reported a strong quarterly earnings performance, with $2.37 EPS exceeding analyst expectations of $2.35, and revenues increasing by 20.2% year-over-year.
• A recent dividend of $0.50 per share was declared, representing an annualized dividend yield of 2.4% and a payout ratio of 26.11%.

State of Wyoming lowered its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 83.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,476 shares of the basic materials company's stock after selling 7,519 shares during the quarter. State of Wyoming's holdings in CF Industries were worth $115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV lifted its stake in CF Industries by 1.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company's stock valued at $682,000 after purchasing an additional 116 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of CF Industries by 2.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,192 shares of the basic materials company's stock valued at $562,000 after acquiring an additional 142 shares in the last quarter. Principal Street Partners LLC grew its position in CF Industries by 2.0% during the 4th quarter. Principal Street Partners LLC now owns 7,906 shares of the basic materials company's stock worth $675,000 after acquiring an additional 154 shares during the last quarter. Alps Advisors Inc. raised its position in CF Industries by 3.5% in the first quarter. Alps Advisors Inc. now owns 4,624 shares of the basic materials company's stock valued at $361,000 after purchasing an additional 158 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of CF Industries by 12.6% during the first quarter. Assetmark Inc. now owns 1,425 shares of the basic materials company's stock worth $111,000 after purchasing an additional 159 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

CF Industries Stock Up 2.6%

NYSE:CF traded up $2.18 during trading hours on Wednesday, reaching $86.84. The company had a trading volume of 2,312,234 shares, compared to its average volume of 2,733,716. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 11.34 and a beta of 0.95. The business's 50-day simple moving average is $89.70 and its two-hundred day simple moving average is $85.21.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.02. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business earned $2.30 EPS. On average, equities analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. CF Industries's payout ratio is presently 26.11%.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the completion of the sale, the executive vice president directly owned 87,923 shares of the company's stock, valued at approximately $8,812,522.29. The trade was a 10.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.71% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on CF. Wall Street Zen upgraded shares of CF Industries from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Bank of America reiterated an "underperform" rating and set a $82.00 price target (down previously from $93.00) on shares of CF Industries in a report on Thursday, August 14th. Wolfe Research downgraded CF Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, June 12th. BNP Paribas downgraded CF Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Wells Fargo & Company decreased their price target on CF Industries from $108.00 to $101.00 and set an "overweight" rating for the company in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $95.00.

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.