CF Industries Holdings, Inc. $CF Stake Decreased by Kestra Investment Management LLC

Kestra Investment Management LLC trimmed its position in CF Industries Holdings, Inc. (NYSE:CF) by 36.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 10,091 shares of the basic materials company’s stock after selling 5,799 shares during the period. Kestra Investment Management LLC’s holdings in CF Industries were worth $1,163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CF. BlackRock Inc. bought a new position in shares of CF Industries in the second quarter worth $1,410,607,000. Bank of New York Mellon Corp purchased a new stake in shares of CF Industries in the second quarter worth $198,857,000. Bank of America Corp DE purchased a new stake in shares of CF Industries in the second quarter worth $186,353,000. Deutsche Bank AG purchased a new stake in shares of CF Industries in the second quarter worth $157,850,000. Finally, Assenagon Asset Management S.A. boosted its stake in CF Industries by 407.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,352,013 shares of the basic materials company’s stock valued at $170,136,000 after buying an additional 1,085,612 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Price Performance

Shares of NYSE:CF opened at $122.31 on Wednesday. The company’s fifty day moving average price is $122.17 and its 200-day moving average price is $117.04. The firm has a market capitalization of $17.89 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.24 and a beta of 0.54. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.98 and a quick ratio of 2.68.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $2.87 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.13). CF Industries had a net margin of 27.48% and a return on equity of 24.52%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the business posted $2.19 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts anticipate that CF Industries Holdings, Inc. will post 13.59 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, November 16th. CF Industries’s dividend payout ratio is currently 16.94%.

Analysts Set New Price Targets

CF has been the subject of several recent analyst reports. Weiss Ratings upgraded CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 16th. Royal Bank Of Canada upped their target price on CF Industries from $115.00 to $125.00 and gave the stock a “sector perform” rating in a research note on Monday. Canadian Imperial Bank of Commerce raised their price target on CF Industries from $125.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Scotiabank lifted their price target on CF Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, Freedom Broker dropped their price target on CF Industries from $133.00 to $129.00 and set a “hold” rating for the company in a research report on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $123.15.

About CF Industries

CF Industries Holdings, Inc. is a producer and distributor of nitrogen fertilizer and related products. Its main offerings include ammonia, granular urea, urea ammonium nitrate (UAN) and ammonium nitrate, which are used primarily to support crop production. The company also supplies nitrogen products for industrial applications, including emissions control and chemical manufacturing. Founded in 1946 as the Central Farmers Fertilizer Company, CF Industries grew from a cooperative serving agricultural retailers into a major nitrogen producer.