Canada Pension Plan Investment Board Reduces Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Canada Pension Plan Investment Board trimmed its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 42.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,705 shares of the basic materials company’s stock after selling 147,500 shares during the period. Canada Pension Plan Investment Board owned approximately 0.11% of CF Industries worth $15,024,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CF. UBS Group upped their price objective on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. 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. BMO Capital Markets boosted their price objective 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. Scotiabank increased their target price on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Finally, Bank of America boosted their price target 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. 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.com, CF Industries has an average rating of “Hold” and an average price target of $86.91.

CF Industries Price Performance

CF stock opened at $83.27 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.70 and a quick ratio of 4.19. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $87.90. The firm has a 50-day moving average of $78.04 and a 200 day moving average of $77.94. The company has a market cap of $15.22 billion, a P/E ratio of 13.83, a PEG ratio of 2.21 and a beta of 0.95.

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. The firm had revenue of $1.57 billion during 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 revenue was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.70 EPS. On average, sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given 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 2.40%. CF Industries’s dividend payout ratio (DPR) 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.