Sarasin & Partners LLP Trims Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Sarasin & Partners LLP trimmed its position in CF Industries Holdings, Inc. (NYSE:CF) by 45.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,000 shares of the basic materials company’s stock after selling 25,000 shares during the period. Sarasin & Partners LLP’s holdings in CF Industries were worth $2,496,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in shares of CF Industries by 9.5% in the third quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company’s stock worth $1,635,000 after acquiring an additional 1,636 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of CF Industries by 926.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company’s stock worth $15,751,000 after acquiring an additional 165,808 shares during the last quarter. Comerica Bank grew its stake in shares of CF Industries by 133.8% in the third quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock worth $4,677,000 after acquiring an additional 31,215 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of CF Industries during the fourth quarter valued at $1,627,000. Finally, Raymond James & Associates boosted its position in shares of CF Industries by 25.4% during the fourth quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock valued at $10,608,000 after buying an additional 27,027 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on CF shares. Scotiabank dropped their price objective 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. Bank of America reaffirmed a “neutral” rating and set a $88.00 price objective (down from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. BMO Capital Markets dropped their price objective on CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Piper Sandler dropped their price objective 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. Finally, Wolfe Research started coverage on CF Industries in a research report on Friday, March 1st. They set an “outperform” rating and a $99.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, CF Industries presently has an average rating of “Hold” and an average price target of $85.00.

CF Industries Stock Performance

Shares of NYSE CF traded up $0.06 during trading on Wednesday, hitting $75.50. The company had a trading volume of 309,456 shares, compared to its average volume of 2,383,263. The stock has a 50 day simple moving average of $76.78 and a 200 day simple moving average of $78.68. 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 Holdings, Inc. has a 12 month low of $67.59 and a 12 month high of $87.90. The firm has a market capitalization of $13.80 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 2.42 and a beta of 1.00.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.44). CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the business earned $2.85 EPS. The firm’s quarterly revenue was down 26.9% compared to the same quarter last year. As a group, analysts anticipate that CF Industries Holdings, Inc. will post 5.2 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Tuesday, May 14th. CF Industries’s dividend payout ratio (DPR) is currently 33.22%.

About CF Industries

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.