Voya Investment Management LLC Lowers Holdings in CF Industries Holdings, Inc. $CF

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in CF Industries by 1.5% in the first quarter. Vanguard Group Inc. now owns 21,040,601 shares of the basic materials company's stock worth $1,644,323,000 after purchasing an additional 319,343 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of CF Industries by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company's stock valued at $473,220,000 after purchasing an additional 262,944 shares during the period. Invesco Ltd. increased its holdings in CF Industries by 4.4% in the 1st quarter. Invesco Ltd. now owns 5,708,643 shares of the basic materials company's stock valued at $446,130,000 after acquiring an additional 240,756 shares during the last quarter. Boston Partners increased its holdings in CF Industries by 9.3% in the 1st quarter. Boston Partners now owns 3,623,708 shares of the basic materials company's stock valued at $283,169,000 after acquiring an additional 307,092 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of CF Industries by 16.8% in the 1st 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. Hedge funds and other institutional investors own 93.06% of the company's stock.

CF Industries Trading Up 0.2%

CF stock traded up $0.20 during mid-day trading on Thursday, hitting $84.39. 654,122 shares of the company were exchanged, compared to its average volume of 2,702,968. 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 capitalization of $13.67 billion, a P/E ratio of 11.02 and a beta of 0.95. The business has a fifty day simple moving average of $88.51 and a 200-day simple moving average of $85.44. 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 for the quarter, topping the consensus estimate of $2.35 by $0.02. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. CF Industries's revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.30 earnings per share. On average, equities research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business 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 2.4%. The ex-dividend date of this dividend was Friday, August 15th. CF Industries's dividend payout ratio (DPR) is 26.11%.

Insiders Place Their Bets

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president owned 87,923 shares of the company's stock, valued at $8,812,522.29. This trade represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Scotiabank reaffirmed a "sector perform" rating and set a $82.00 price target (up from $81.00) on shares of CF Industries in a research note on Monday, August 11th. HSBC reduced their price objective on shares of CF Industries from $104.00 to $95.00 and set a "hold" rating for the company in a research note on Monday. JPMorgan Chase & Co. upgraded shares of CF Industries from an "underweight" rating to a "neutral" rating and upped their price target for the company from $75.00 to $92.00 in a research note on Tuesday, July 29th. UBS Group dropped their price objective on shares of CF Industries from $103.00 to $101.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Finally, Bank of America reaffirmed an "underperform" rating and issued a $82.00 price objective (down from $93.00) on shares of CF Industries in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.