Price T Rowe Associates Inc. MD Reduces Stake in CF Industries Holdings, Inc. (NYSE:CF)

Price T Rowe Associates Inc. MD lowered its position in CF Industries Holdings, Inc. (NYSE:CF) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,490,833 shares of the basic materials company’s stock after selling 138,792 shares during the period. Price T Rowe Associates Inc. MD owned approximately 7.38% of CF Industries worth $1,122,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in CF Industries in the 1st quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in CF Industries in the 4th quarter worth approximately $29,000. Meeder Asset Management Inc. purchased a new stake in CF Industries in the 4th quarter worth approximately $36,000. ORG Partners LLC boosted its position in CF Industries by 62.2% in the 4th quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 230 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in CF Industries in the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

CF has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective 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. Bank of America reaffirmed a “neutral” rating and set a $88.00 target price (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. UBS Group reduced their target price on CF Industries from $86.00 to $78.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Berenberg Bank upped their target price on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Finally, Scotiabank reduced their target price on CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Monday, May 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $82.87.

CF Industries Trading Up 2.1 %

Shares of NYSE CF traded up $1.53 during mid-day trading on Friday, reaching $75.04. 1,668,587 shares of the company’s stock were exchanged, compared to its average volume of 1,715,166. The company’s 50-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. The firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94.

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

CF Industries Announces Dividend

The company 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 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is 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.