Convergence Investment Partners LLC Decreases Stock Position in CF Industries Holdings, Inc. $CF

Convergence Investment Partners LLC cut its position in CF Industries Holdings, Inc. (NYSE:CF) by 35.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,420 shares of the basic materials company’s stock after selling 8,503 shares during the quarter. Convergence Investment Partners LLC’s holdings in CF Industries were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in CF Industries by 11.5% in the third quarter. Principal Financial Group Inc. now owns 232,647 shares of the basic materials company’s stock valued at $20,868,000 after acquiring an additional 23,942 shares in the last quarter. Assetmark Inc. raised its holdings in CF Industries by 878.2% in the third quarter. Assetmark Inc. now owns 17,941 shares of the basic materials company’s stock valued at $1,609,000 after acquiring an additional 16,107 shares in the last quarter. Van ECK Associates Corp raised its holdings in CF Industries by 19.8% in the third quarter. Van ECK Associates Corp now owns 369,321 shares of the basic materials company’s stock valued at $33,128,000 after acquiring an additional 61,140 shares in the last quarter. Inspire Advisors LLC acquired a new stake in CF Industries in the third quarter valued at $677,000. Finally, KBC Group NV raised its holdings in CF Industries by 26.9% in the fourth quarter. KBC Group NV now owns 1,170,171 shares of the basic materials company’s stock valued at $90,501,000 after acquiring an additional 248,020 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Up 1.8%

Shares of NYSE:CF opened at $125.24 on Friday. The stock has a market capitalization of $19.24 billion, a price-to-earnings ratio of 11.25 and a beta of 0.42. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96. The company’s fifty day moving average is $123.96 and its two-hundred day moving average is $98.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.84 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 earnings per share. Equities analysts anticipate that CF Industries Holdings, Inc. will post 15.02 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. CF Industries’s dividend payout ratio is 17.97%.

Insider Activity at CF Industries

In other CF Industries news, VP Erik M. Mayer sold 1,500 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $124.69, for a total transaction of $187,035.00. Following the sale, the vice president directly owned 6,341 shares of the company’s stock, valued at approximately $790,659.29. This represents a 19.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael Patrick Mcgrane sold 3,666 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $116.50, for a total transaction of $427,089.00. Following the sale, the senior vice president directly owned 19,161 shares in the company, valued at $2,232,256.50. This trade represents a 16.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 82,408 shares of company stock valued at $9,971,298 in the last ninety days. 0.51% of the stock is owned by insiders.

Analyst Ratings Changes

CF has been the topic of several recent analyst reports. Royal Bank Of Canada upped their price target on shares of CF Industries from $100.00 to $125.00 and gave the company a “sector perform” rating in a report on Tuesday, April 7th. Scotiabank upped their price target on shares of CF Industries from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Rothschild & Co Redburn set a $72.00 price target on shares of CF Industries in a report on Wednesday, February 4th. Canadian Imperial Bank of Commerce upped their price target on shares of CF Industries from $118.00 to $128.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Mizuho upped their price target on shares of CF Industries from $100.00 to $105.00 and gave the company an “underperform” rating in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $118.47.

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.