CF Industries Holdings, Inc. (NYSE:CF) Shares Bought by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT increased its stake in CF Industries Holdings, Inc. (NYSE:CF) by 13.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 888,166 shares of the basic materials company’s stock after buying an additional 103,101 shares during the quarter. Sound Shore Management Inc. CT owned about 0.49% of CF Industries worth $65,831,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Westside Investment Management Inc. acquired a new stake in shares of CF Industries during the first quarter valued at about $25,000. UMB Bank n.a. raised its position in shares of CF Industries by 40.4% in the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 191 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of CF Industries by 250.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after buying an additional 500 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of CF Industries during the first quarter worth approximately $55,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of CF Industries by 28.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock worth $56,000 after buying an additional 167 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Stock Down 1.9 %

Shares of NYSE CF opened at $81.59 on Friday. The company has a current ratio of 4.70, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37. The firm has a market capitalization 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 firm’s 50-day moving average is $77.79 and its 200-day moving average is $77.98. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $87.90.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. The company 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 business’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period last year, the firm posted $2.70 earnings per share. Equities analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued 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%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CF. 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 report on Monday, August 12th. BMO Capital Markets lifted their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. UBS Group boosted their target price on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Barclays raised 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 report on Friday, August 16th. Finally, Bank of America increased their price target on CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $86.91.

About CF Industries

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.