Hsbc Holdings PLC Sells 503,237 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Hsbc Holdings PLC lowered its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 53.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 438,206 shares of the basic materials company’s stock after selling 503,237 shares during the quarter. Hsbc Holdings PLC owned about 0.24% of CF Industries worth $32,541,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CF. Westside Investment Management Inc. acquired a new position in shares of CF Industries during the first quarter valued at about $25,000. UMB Bank n.a. raised its holdings in shares of CF Industries by 40.4% during the second 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 during the period. nVerses Capital LLC raised its holdings in shares of CF Industries by 250.0% during the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 500 shares during the period. Mather Group LLC. acquired a new position in shares of CF Industries during the first quarter valued at about $55,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of CF Industries by 28.1% during the second 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 during the period. Institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CF. UBS Group upped their price objective on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Bank of America upped their target price on shares of CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $80.00 to $90.00 in a report on Friday, August 16th. Royal Bank of Canada upped their target price 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. Finally, BMO Capital Markets upped their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One investment 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 company presently has an average rating of “Hold” and an average price target of $86.91.

CF Industries Trading Down 1.8 %

Shares of CF stock opened at $81.61 on Friday. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week 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 has a 50-day simple moving average of $77.79 and a two-hundred day simple moving average of $77.97. The company has a market capitalization of $14.92 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.21 and a beta of 0.95.

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

CF Industries Announces Dividend

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