CF Industries Holdings, Inc. $CF Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 18.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 335,016 shares of the basic materials company’s stock after selling 74,999 shares during the quarter. Hsbc Holdings PLC’s holdings in CF Industries were worth $36,391,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CF. Field & Main Bank acquired a new stake in CF Industries in the second quarter valued at approximately $218,000. Wellington Management Group LLP lifted its position in shares of CF Industries by 24.1% during the second quarter. Wellington Management Group LLP now owns 277,635 shares of the basic materials company’s stock worth $30,057,000 after purchasing an additional 53,991 shares in the last quarter. Archer Investment Corp purchased a new position in shares of CF Industries in the second quarter valued at $108,000. Kingsview Wealth Management LLC purchased a new position in shares of CF Industries in the second quarter valued at $4,123,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in CF Industries during the 2nd quarter valued at $559,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Price Performance

Shares of CF stock opened at $133.79 on Tuesday. The firm has a fifty day moving average of $121.88 and a two-hundred day moving average of $118.72. The firm has a market cap of $20.25 billion, a P/E ratio of 9.92, a P/E/G ratio of 0.26 and a beta of 0.40. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the company posted $2.37 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were issued a $0.60 dividend. This is an increase from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 14th. CF Industries’s dividend payout ratio is presently 17.79%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CF. Bank of America lifted their price target on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. HSBC decreased their price objective on shares of CF Industries from $130.00 to $121.00 in a research report on Wednesday, June 17th. The Goldman Sachs Group dropped their target price on CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $129.00 price target on shares of CF Industries in a research note on Friday, July 24th. Finally, Freedom Capital raised CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and a consensus price target of $116.56.

About CF Industries

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.