Northern Trust Corp cut its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,340,159 shares of the basic materials company’s stock after selling 65,114 shares during the quarter. Northern Trust Corp owned approximately 1.99% of CF Industries worth $202,728,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in CF Industries by 26.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,571,818 shares of the basic materials company’s stock valued at $493,810,000 after purchasing an additional 2,217,301 shares during the period. Geode Capital Management LLC raised its stake in shares of CF Industries by 27.4% during the fourth quarter. Geode Capital Management LLC now owns 4,022,001 shares of the basic materials company’s stock worth $174,768,000 after buying an additional 865,928 shares during the last quarter. Investec Asset Management LTD raised its stake in shares of CF Industries by 471.9% during the second quarter. Investec Asset Management LTD now owns 648,507 shares of the basic materials company’s stock worth $5,508,000 after buying an additional 535,111 shares during the last quarter. Scout Investments Inc. raised its stake in shares of CF Industries by 336.3% during the second quarter. Scout Investments Inc. now owns 588,487 shares of the basic materials company’s stock worth $27,488,000 after buying an additional 453,591 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in CF Industries by 33.1% in the first quarter. JPMorgan Chase & Co. now owns 1,763,130 shares of the basic materials company’s stock valued at $72,077,000 after acquiring an additional 438,750 shares during the last quarter. 92.47% of the stock is owned by institutional investors and hedge funds.
Shares of CF stock traded down $0.38 on Wednesday, hitting $50.40. The stock had a trading volume of 56,242 shares, compared to its average volume of 1,839,233. CF Industries Holdings, Inc. has a twelve month low of $38.90 and a twelve month high of $56.51. The firm has a market cap of $10.67 billion, a P/E ratio of 40.64, a PEG ratio of 3.49 and a beta of 0.92. The company has a current ratio of 1.43, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average price of $48.93 and a two-hundred day moving average price of $44.80.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.38%. CF Industries’s payout ratio is 96.77%.
Several analysts have commented on CF shares. Stifel Nicolaus upped their target price on shares of CF Industries from $43.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating in a research report on Monday, August 5th. Cowen set a $59.00 price objective on CF Industries and gave the stock a “buy” rating in a research note on Friday, August 9th. Citigroup lifted their price objective on CF Industries from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, UBS Group upped their price objective on CF Industries from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $52.78.
In other CF Industries news, VP Bert A. Frost sold 21,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.21, for a total transaction of $1,012,410.00. Following the completion of the transaction, the vice president now owns 103,072 shares in the company, valued at approximately $4,969,101.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Bert A. Frost sold 21,600 shares of CF Industries stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $50.16, for a total value of $1,083,456.00. Following the completion of the sale, the vice president now directly owns 103,672 shares in the company, valued at approximately $5,200,187.52. The disclosure for this sale can be found here. Insiders sold 238,343 shares of company stock valued at $11,786,901 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.
CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.
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