Thrivent Financial for Lutherans Sells 13,310 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Thrivent Financial for Lutherans trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,180,292 shares of the basic materials company’s stock after selling 13,310 shares during the quarter. Thrivent Financial for Lutherans owned about 0.65% of CF Industries worth $87,484,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sound Shore Management Inc. CT lifted its holdings in shares of CF Industries by 13.1% during the 2nd quarter. Sound Shore Management Inc. CT now owns 888,166 shares of the basic materials company’s stock valued at $65,831,000 after purchasing an additional 103,101 shares during the last quarter. Sei Investments Co. increased its position in CF Industries by 5.1% during the 2nd quarter. Sei Investments Co. now owns 1,422,493 shares of the basic materials company’s stock valued at $105,435,000 after buying an additional 68,834 shares in the last quarter. Goehring & Rozencwajg Associates LLC increased its position in CF Industries by 10.9% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 128,652 shares of the basic materials company’s stock valued at $9,536,000 after buying an additional 12,600 shares in the last quarter. XTX Topco Ltd raised its stake in CF Industries by 329.6% in the second quarter. XTX Topco Ltd now owns 34,178 shares of the basic materials company’s stock valued at $2,533,000 after buying an additional 26,222 shares during the last quarter. Finally, Seven Eight Capital LP boosted its holdings in CF Industries by 71.5% in the second quarter. Seven Eight Capital LP now owns 14,939 shares of the basic materials company’s stock worth $1,107,000 after acquiring an additional 6,229 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Down 1.8 %

Shares of CF opened at $81.61 on Friday. 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 Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $87.90. The stock’s 50-day moving average price is $77.79 and its 200-day moving average price is $77.97. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37.

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

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.50 dividend. 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Scotiabank raised their price target on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Bank of America lifted their price objective on shares of CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Royal Bank of Canada upped their target price on 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 raised CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $80.00 to $90.00 in a research report on Friday, August 16th. One 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 stock. According to MarketBeat, the stock has a consensus 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.