Vest Financial LLC Sells 98,849 Shares of CF Industries Holdings, Inc. $CF

Vest Financial LLC reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 26.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,848 shares of the basic materials company’s stock after selling 98,849 shares during the period. Vest Financial LLC owned 0.16% of CF Industries worth $25,194,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new position in CF Industries during the second quarter valued at about $26,000. Zions Bancorporation National Association UT bought a new position in CF Industries during the first quarter valued at about $27,000. Golden State Wealth Management LLC raised its holdings in CF Industries by 119.8% during the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock valued at $30,000 after buying an additional 206 shares in the last quarter. TCTC Holdings LLC raised its holdings in CF Industries by 114.1% during the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock valued at $30,000 after buying an additional 202 shares in the last quarter. Finally, Grove Bank & Trust raised its holdings in CF Industries by 118.5% during the first quarter. Grove Bank & Trust now owns 542 shares of the basic materials company’s stock valued at $42,000 after buying an additional 294 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. upgraded CF Industries from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $75.00 to $92.00 in a research note on Tuesday, July 29th. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $95.00 to $100.00 in a research note on Wednesday, August 13th. HSBC dropped their price objective on CF Industries from $104.00 to $95.00 and set a “hold” rating on the stock in a research note on Monday, September 15th. BNP Paribas lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Finally, Zacks Research lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $95.14.

CF Industries Trading Down 1.4%

Shares of CF opened at $87.33 on Monday. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $14.14 billion, a price-to-earnings ratio of 11.40 and a beta of 0.93. The stock’s 50-day moving average price is $86.91 and its 200 day moving average price is $87.00.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.02. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.30 earnings per share. As a group, research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. CF Industries’s dividend payout ratio is currently 26.11%.

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.