DekaBank Deutsche Girozentrale Lowers Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

DekaBank Deutsche Girozentrale cut its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 62.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,349 shares of the basic materials company’s stock after selling 59,990 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CF Industries were worth $2,627,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CF. Victory Capital Management Inc. grew its stake in CF Industries by 401.2% during the 2nd quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock worth $269,729,000 after purchasing an additional 2,912,942 shares in the last quarter. Boston Partners grew its position in shares of CF Industries by 37.5% during the first quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after buying an additional 835,557 shares in the last quarter. First Trust Advisors LP increased its stake in shares of CF Industries by 16.5% during the fourth quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock worth $232,779,000 after buying an additional 414,785 shares during the period. Norges Bank acquired a new stake in CF Industries in the fourth quarter valued at approximately $193,145,000. Finally, Earnest Partners LLC lifted its stake in CF Industries by 6.3% in the first quarter. Earnest Partners LLC now owns 2,133,854 shares of the basic materials company’s stock worth $177,558,000 after acquiring an additional 125,616 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CF. Scotiabank raised their price objective on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. UBS Group lifted their price target on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. BMO Capital Markets increased their price objective on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $90.00 in a research note on Friday, August 16th. Finally, Wells Fargo & Company cut their price objective on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $86.91.

CF Industries Stock Performance

Shares of CF Industries stock opened at $81.49 on Thursday. The firm’s fifty day simple moving average is $77.08 and its 200-day simple moving average is $77.90. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $87.90. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 2.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.70 and a quick ratio of 4.19.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $2.70 earnings per share. CF Industries’s quarterly revenue was down 11.4% on a year-over-year basis. As a group, equities analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.45%. CF Industries’s payout ratio is 33.22%.

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.