Raiffeisen Bank International AG Trims Stake in CF Industries Holdings, Inc. $CF

Raiffeisen Bank International AG trimmed its stake in CF Industries Holdings, Inc. (NYSE:CF) by 32.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,275 shares of the basic materials company’s stock after selling 43,645 shares during the period. Raiffeisen Bank International AG’s holdings in CF Industries were worth $9,859,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Himension Capital Singapore PTE. LTD. bought a new position in shares of CF Industries in the 1st quarter worth $25,000. Virtus Advisers LLC bought a new stake in shares of CF Industries during the 2nd quarter worth $25,000. Continuum Advisory LLC bought a new stake in shares of CF Industries during the 2nd quarter worth $28,000. Keating Financial Advisory Services Inc. purchased a new position in CF Industries in the second quarter worth $29,000. Finally, Hantz Financial Services Inc. grew its position in CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 156 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Price Performance

Shares of CF Industries stock opened at $137.97 on Friday. The business has a 50 day moving average of $120.75 and a 200 day moving average of $118.16. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The company has a market cap of $20.88 billion, a PE ratio of 10.23, a P/E/G ratio of 0.27 and a beta of 0.40. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the previous year, the firm posted $2.37 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current year.

CF Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were given a dividend of $0.60 per share. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. CF Industries’s dividend payout ratio is 17.79%.

Wall Street Analyst Weigh In

CF has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on CF Industries from $94.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. UBS Group upped their target price on CF Industries from $115.00 to $123.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. BNP Paribas Exane reduced their price target on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Morgan Stanley decreased their price target on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. Finally, Scotiabank upped their price objective on shares of CF Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and a consensus price target of $116.56.

CF Industries Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.