Stoneridge Investment Partners LLC Sells 900 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Stoneridge Investment Partners LLC lowered its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 5.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 16,675 shares of the basic materials company’s stock after selling 900 shares during the period. Stoneridge Investment Partners LLC’s holdings in CF Industries were worth $1,236,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CF. Concurrent Investment Advisors LLC lifted its holdings in shares of CF Industries by 4.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock worth $269,000 after purchasing an additional 140 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of CF Industries by 4.8% in the first quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock valued at $257,000 after buying an additional 141 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of CF Industries by 8.5% during the second quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 146 shares in the last quarter. SYSTM Wealth Solutions LLC raised its holdings in shares of CF Industries by 24.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 153 shares during the last quarter. Finally, Czech National Bank raised its holdings in shares of CF Industries by 0.5% in the 1st quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock worth $2,797,000 after acquiring an additional 153 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Price Performance

CF Industries stock opened at $79.15 on Friday. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $87.90. The company has a current ratio of 4.70, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37. The business’s 50 day simple moving average is $76.64 and its 200 day simple moving average is $77.94. The company has a market cap of $14.28 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 2.21 and a beta of 0.95.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.50. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.52 billion. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.70 earnings per share. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.53%. CF Industries’s payout ratio is 33.22%.

Wall Street Analysts Forecast Growth

CF has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. UBS Group raised their price objective on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Wells Fargo & Company reduced their target price on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Scotiabank raised their price target on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, Bank of America upped their price objective on shares of CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and an average price target of $86.91.

CF Industries Company 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.