Skandinaviska Enskilda Banken AB publ Decreases Position in CF Industries Holdings, Inc. (NYSE:CF)

Skandinaviska Enskilda Banken AB publ trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 48.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 279,680 shares of the basic materials company’s stock after selling 263,679 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.15% of CF Industries worth $20,730,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CF. Victory Capital Management Inc. boosted its position in CF Industries by 401.2% during the second 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 lifted its position in shares of CF Industries by 37.5% in the first quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock valued at $254,920,000 after acquiring an additional 835,557 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of CF Industries by 68.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock valued at $122,933,000 after acquiring an additional 630,264 shares in the last quarter. First Trust Advisors LP lifted its position in shares of CF Industries by 16.5% in the fourth quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock valued at $232,779,000 after acquiring an additional 414,785 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of CF Industries by 137.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 580,518 shares of the basic materials company’s stock valued at $48,305,000 after acquiring an additional 335,624 shares in the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CF. BMO Capital Markets upped their price objective on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $80.00 to $90.00 in a research note on Friday, August 16th. Scotiabank upped their target price on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Royal Bank of Canada upped their target price on CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, UBS Group upped their price target on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.91.

CF Industries Price Performance

Shares of NYSE CF opened at $81.59 on Friday. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $87.90. The business has a 50-day moving average of $77.79 and a 200-day moving average of $77.98. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.70 and a quick ratio of 4.19. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 2.21 and a beta of 0.95.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.50. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The company’s revenue was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.70 earnings per share. On average, equities analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Thursday, August 15th. CF Industries’s dividend payout ratio is currently 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.