Empirical Finance LLC Trims Position in CF Industries Holdings, Inc. (NYSE:CF)

Empirical Finance LLC reduced its position in CF Industries Holdings, Inc. (NYSE:CF) by 51.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,619 shares of the basic materials company’s stock after selling 6,940 shares during the period. Empirical Finance LLC’s holdings in CF Industries were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in CF. International Assets Investment Management LLC acquired a new position in CF Industries in the second quarter valued at approximately $420,000. Azzad Asset Management Inc. ADV increased its stake in CF Industries by 1.5% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 14,945 shares of the basic materials company’s stock valued at $1,108,000 after buying an additional 214 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in CF Industries by 87.6% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 102,833 shares of the basic materials company’s stock valued at $7,622,000 after buying an additional 48,017 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 191 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CF Industries by 2.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,472 shares of the basic materials company’s stock worth $5,149,000 after purchasing an additional 1,908 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on CF shares. Scotiabank increased their price objective 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. Wells Fargo & Company cut their target price on CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Piper Sandler reduced their price target on shares of CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a research note on Tuesday, May 7th. Bank of America increased their price target on CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $90.00 in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.91.

CF Industries Stock Up 0.2 %

CF Industries stock opened at $83.09 on Friday. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $87.90. The company’s 50-day moving average is $75.47 and its 200-day moving average is $77.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. The firm has a market capitalization of $15.19 billion, a PE ratio of 13.80, a P/E/G ratio of 2.44 and a beta of 0.95.

CF Industries (NYSE:CF) last announced its 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. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $2.70 earnings per share. CF Industries’s revenue for the quarter was down 11.4% on a year-over-year basis. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.18 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.00 annualized dividend and a yield of 2.41%. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

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.