CF Industries Holdings, Inc. $CF Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has reduced its stake in CF Industries Holdings, Inc. by 1.5% in the first quarter, bringing its total shares to 478,381, valued at approximately $37.39 million.
• CF Industries announced a quarterly dividend of $0.50 per share, yielding 2.3%, with the ex-dividend date occurring on August 15th.
• The company reported earnings of $2.37 per share for the last quarter, surpassing expectations, with revenue increasing by 20.2% year-over-year to reach $1.89 billion.

Voya Investment Management LLC trimmed its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 478,381 shares of the basic materials company's stock after selling 7,238 shares during the period. Voya Investment Management LLC owned approximately 0.28% of CF Industries worth $37,385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. lifted its stake in CF Industries by 21.8% during 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 during the period. Golden State Wealth Management LLC lifted its stake in CF Industries by 119.8% during 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 during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of CF Industries by 1,497.3% during 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 purchasing an additional 102,401 shares in the last quarter. Talaria Asset Management Pty Ltd increased its holdings in shares of CF Industries by 77.0% during 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 purchasing an additional 254,000 shares in the last quarter. Finally, Sarasin & Partners LLP purchased a new position in shares of CF Industries during the 1st quarter valued at approximately $1,716,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of CF Industries stock in a transaction on Friday, June 20th. The shares were sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the sale, the executive vice president owned 87,923 shares of the company's stock, valued at $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 available through this hyperlink. 0.71% of the stock is currently owned by company insiders.

CF Industries Price Performance

NYSE CF traded down $0.14 on Monday, hitting $85.49. The company had a trading volume of 2,287,223 shares, compared to its average volume of 2,122,022. The company has a market capitalization of $13.85 billion, a PE ratio of 11.16 and a beta of 0.95. The company's fifty day moving average price is $89.05 and its 200-day moving average price is $85.46. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45.

CF Industries (NYSE:CF - Get Free Report) last announced its 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 for the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the previous year, the company posted $2.30 EPS. The firm's quarterly revenue was up 20.2% on a year-over-year basis. As a group, analysts predict 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. Shareholders of record on Friday, August 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 15th. CF Industries's payout ratio is 26.11%.

Analyst Ratings Changes

Several research firms have recently weighed in on CF. Wolfe Research lowered shares of CF Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, June 12th. UBS Group cut their target price on shares of CF Industries from $103.00 to $101.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. BNP Paribas lowered shares of CF Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Scotiabank reaffirmed a "sector perform" rating and set a $82.00 target price (up from $81.00) on shares of CF Industries in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. raised shares of CF Industries from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $75.00 to $92.00 in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.