Meiji Yasuda Asset Management Co Ltd. Sells 1,102 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Meiji Yasuda Asset Management Co Ltd. cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 15.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,045 shares of the basic materials company’s stock after selling 1,102 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in CF Industries were worth $448,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its position in CF Industries by 2.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 12,972 shares of the basic materials company’s stock valued at $961,000 after acquiring an additional 312 shares in the last quarter. Edgestream Partners L.P. raised its position in CF Industries by 1,186.2% in the 2nd quarter. Edgestream Partners L.P. now owns 37,738 shares of the basic materials company’s stock worth $2,797,000 after purchasing an additional 34,804 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in CF Industries by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock worth $212,823,000 after buying an additional 198,246 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of CF Industries by 8.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 280,628 shares of the basic materials company’s stock valued at $20,800,000 after buying an additional 21,766 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in shares of CF Industries by 32.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,063 shares of the basic materials company’s stock worth $449,000 after acquiring an additional 1,502 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CF has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $90.00 in a research note on Friday, August 16th. Scotiabank lifted their price objective on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their target price on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada raised their price objective 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.91.

CF Industries Price Performance

Shares of NYSE CF opened at $81.59 on Friday. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $87.90. The stock has a market cap of $14.91 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 2.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70. The stock has a fifty day moving average of $77.57 and a 200-day moving average of $77.96.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business earned $2.70 earnings per share. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.45%. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

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.