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TD Asset Management Inc Sells 61,604 Shares of CF Industries Holdings, Inc. $CF

CF Industries logo with Basic Materials background

Key Points

  • TD Asset Management Inc reduced its stake in CF Industries by 33.5%, selling 61,604 shares and retaining ownership of 122,145 shares valued at approximately $11.24 million.
  • CF Industries reported $2.37 earnings per share for the last quarter, exceeding analyst expectations of $2.35, with a revenue of $1.89 billion, surpassing estimates of $1.73 billion.
  • The company has declared a quarterly dividend of $0.50 per share, which will be paid on November 28th, providing a dividend yield of 2.4% for investors.
  • Interested in CF Industries? Here are five stocks we like better.

TD Asset Management Inc lessened its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 33.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,145 shares of the basic materials company's stock after selling 61,604 shares during the quarter. TD Asset Management Inc owned about 0.07% of CF Industries worth $11,237,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its position in CF Industries by 21.8% in the 1st quarter. QRG Capital Management Inc. now owns 14,356 shares of the basic materials company's stock valued at $1,122,000 after acquiring an additional 2,572 shares in the last quarter. Golden State Wealth Management LLC lifted its position 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 valued at $30,000 after acquiring an additional 206 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in CF Industries by 1,497.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 109,240 shares of the basic materials company's stock valued at $8,537,000 after acquiring an additional 102,401 shares in the last quarter. Talaria Asset Management Pty Ltd lifted its position in CF Industries by 77.0% in the 1st quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company's stock valued at $45,640,000 after acquiring an additional 254,000 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in CF Industries by 62.2% in the 1st quarter. Private Trust Co. NA now owns 720 shares of the basic materials company's stock valued at $56,000 after acquiring an additional 276 shares in the last quarter. Institutional investors own 93.06% of the company's stock.

CF Industries Price Performance

CF Industries stock opened at $83.59 on Friday. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The company's 50 day moving average price is $86.64 and its two-hundred day moving average price is $87.18. 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 stock has a market cap of $13.54 billion, a P/E ratio of 10.91 and a beta of 0.93.

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, topping the consensus estimate of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business posted $2.30 EPS. CF Industries's quarterly revenue was up 20.2% compared to the same quarter last year. On average, equities analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders 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 annualized dividend and a dividend yield of 2.4%. CF Industries's dividend payout ratio (DPR) is presently 26.11%.

Wall Street Analyst Weigh In

CF has been the topic of several recent research reports. Wall Street Zen raised shares of CF Industries from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Royal Bank Of Canada set a $100.00 price target on shares of CF Industries and gave the company a "sector perform" rating in a research report on Monday, July 14th. UBS Group dropped their target price on shares of CF Industries from $101.00 to $96.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. 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, Barclays raised shares of CF Industries from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, CF Industries presently has a consensus rating of "Hold" and a consensus target price of $96.92.

Check Out Our Latest Stock Analysis on CF

CF Industries Company Profile

(Free Report)

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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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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