CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,541 shares of the basic materials company’s stock after selling 6,143 shares during the quarter. Amalgamated Bank’s holdings in CF Industries were worth $4,487,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Westside Investment Management Inc. acquired a new stake in shares of CF Industries in the first quarter valued at about $25,000. UMB Bank n.a. lifted its position in shares of CF Industries by 40.4% during the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 191 shares during the period. Mather Group LLC. purchased a new stake in shares of CF Industries during the 1st quarter worth approximately $55,000. nVerses Capital LLC grew its holdings in shares of CF Industries by 250.0% in the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 500 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in CF Industries by 28.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

CF has been the topic of several research reports. BMO Capital Markets upped their target price on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Wells Fargo & Company lowered their price objective on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Bank of America lifted 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. Royal Bank of Canada increased their price target on shares of CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $90.00 in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, CF Industries has an average rating of “Hold” and an average price target of $86.91.

CF Industries Price Performance

CF opened at $81.61 on Friday. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $87.90. 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 company’s 50 day simple moving average is $77.79 and its 200 day simple moving average is $77.97. The stock has a market capitalization of $14.92 billion, a PE ratio of 13.56, a P/E/G ratio of 2.21 and a beta of 0.95.

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, beating analysts’ consensus estimates of $1.80 by $0.50. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.52 billion. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. CF Industries’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter last year, the business earned $2.70 EPS. As a group, sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders 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 yield of 2.45%. CF Industries’s dividend payout ratio is presently 33.22%.

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.