Toronto Dominion Bank Sells 2,581 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Toronto Dominion Bank lowered its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,001 shares of the basic materials company’s stock after selling 2,581 shares during the quarter. Toronto Dominion Bank owned 0.08% of CF Industries worth $11,982,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank purchased a new position in CF Industries in the fourth quarter worth $193,145,000. Goldman Sachs Group Inc. boosted its position in CF Industries by 68.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after purchasing an additional 630,264 shares during the last quarter. First Trust Advisors LP boosted its position in CF Industries by 16.5% in the fourth quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock worth $232,779,000 after purchasing an additional 414,785 shares during the last quarter. Boston Partners boosted its position in CF Industries by 19.0% in the fourth quarter. Boston Partners now owns 2,228,297 shares of the basic materials company’s stock worth $177,119,000 after purchasing an additional 356,318 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in CF Industries by 137.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 580,518 shares of the basic materials company’s stock worth $48,305,000 after purchasing an additional 335,624 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

Shares of CF Industries stock traded up $1.54 during trading on Friday, hitting $75.05. 1,668,587 shares of the stock traded hands, compared to its average volume of 2,304,657. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.30 and a beta of 0.95. The firm’s fifty day moving average is $74.49 and its 200-day moving average is $77.54. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $87.90.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.44). The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company’s revenue was down 26.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.85 earnings per share. Research analysts expect that CF Industries Holdings, Inc. will post 5.18 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, August 15th. CF Industries’s dividend payout ratio is presently 33.22%.

Analyst Upgrades and Downgrades

CF has been the topic of a number of recent research reports. Berenberg Bank upped their price target on CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Wells Fargo & Company dropped their price target on CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Piper Sandler dropped their price target on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 7th. Barclays dropped their price target on CF Industries from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Scotiabank dropped their price target on CF Industries from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $82.88.

CF Industries 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.