Renaissance Technologies LLC Sells 376,800 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Renaissance Technologies LLC reduced its stake in CF Industries Holdings, Inc. (NYSE:CF) by 47.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 421,400 shares of the basic materials company’s stock after selling 376,800 shares during the period. Renaissance Technologies LLC owned 0.23% of CF Industries worth $31,234,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CF. Victory Capital Management Inc. increased its stake in CF Industries by 401.2% in the second quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock valued at $269,729,000 after purchasing an additional 2,912,942 shares in the last quarter. Norges Bank bought a new stake in CF Industries in the fourth quarter valued at $193,145,000. Boston Partners increased its stake in 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 purchasing an additional 835,557 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of CF Industries by 68.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after acquiring an additional 630,264 shares in the last quarter. Finally, First Trust Advisors LP increased its position 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 acquiring an additional 414,785 shares in the last quarter. 93.06% of the stock is owned by institutional investors.

CF Industries Stock Up 2.0 %

CF opened at $83.13 on Friday. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. The stock has a market cap of $15.19 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 2.21 and a beta of 0.95. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $87.90. The company’s 50-day moving average price is $77.31 and its two-hundred day moving average price is $77.93.

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

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Thursday, August 15th. CF Industries’s payout ratio is 33.22%.

Analysts Set New Price Targets

CF has been the subject of several recent research reports. Royal Bank of Canada boosted their target price on shares of CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Scotiabank boosted their target price on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Wells Fargo & Company decreased their target price on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Finally, Bank of America boosted their target price on shares of CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $86.91.

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.