Cadence Bank Lowers Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Cadence Bank reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 36.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,088 shares of the basic materials company’s stock after selling 5,271 shares during the period. Cadence Bank’s holdings in CF Industries were worth $756,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of CF Industries in the 4th quarter valued at approximately $193,145,000. Goldman Sachs Group Inc. raised its stake in CF Industries by 68.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock valued at $122,933,000 after buying an additional 630,264 shares in the last quarter. First Trust Advisors LP raised its stake in CF Industries by 16.5% in the fourth quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock valued at $232,779,000 after buying an additional 414,785 shares in the last quarter. Boston Partners lifted its holdings in CF Industries by 19.0% during the 4th quarter. Boston Partners now owns 2,228,297 shares of the basic materials company’s stock worth $177,119,000 after buying an additional 356,318 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of CF Industries by 137.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 580,518 shares of the basic materials company’s stock worth $48,305,000 after acquiring an additional 335,624 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Price Performance

Shares of CF traded up $1.54 during mid-day trading on Friday, reaching $75.05. 1,668,587 shares of the company’s stock were exchanged, compared to its average volume of 2,304,657. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $87.90. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $74.49 and a two-hundred day simple moving average of $77.54. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.30 and a beta of 0.95.

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

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, August 15th. CF Industries’s dividend payout ratio is currently 33.22%.

Analyst Ratings Changes

CF has been the subject of several analyst reports. BMO Capital Markets cut their price target on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Bank of America reissued a “neutral” rating and issued a $88.00 price target (down from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Berenberg Bank upped their price objective on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Wells Fargo & Company reduced their target price on CF Industries from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Finally, Barclays lowered their price target on shares of CF Industries from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday. 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 company’s stock. According to data from MarketBeat, CF Industries presently has a consensus rating of “Hold” and an average price target of $82.88.

CF Industries 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.