Federated Hermes Inc. Cuts Stake in CF Industries Holdings, Inc. $CF

Federated Hermes Inc. cut its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 83.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,091 shares of the basic materials company’s stock after selling 41,732 shares during the quarter. Federated Hermes Inc.’s holdings in CF Industries were worth $726,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB grew its holdings in shares of CF Industries by 0.8% during the second quarter. Nordea Investment Management AB now owns 15,262 shares of the basic materials company’s stock valued at $1,395,000 after buying an additional 114 shares during the last quarter. Planned Solutions Inc. lifted its position in CF Industries by 3.5% in the 2nd quarter. Planned Solutions Inc. now owns 3,393 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 114 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in CF Industries by 78.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of CF Industries by 8.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,854 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 149 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in shares of CF Industries by 6.3% in the 2nd quarter. Kingsview Wealth Management LLC now owns 2,763 shares of the basic materials company’s stock worth $254,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Scotiabank dropped their price objective on CF Industries from $90.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CF Industries in a report on Monday, December 29th. UBS Group decreased their target price on shares of CF Industries from $91.00 to $86.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Wells Fargo & Company started coverage on shares of CF Industries in a research report on Tuesday, November 11th. They set an “overweight” rating and a $100.00 price target for the company. Finally, Wolfe Research raised CF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and a consensus target price of $88.14.

CF Industries Trading Up 1.7%

Shares of CF opened at $92.86 on Friday. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45. The company has a 50 day simple moving average of $83.02 and a two-hundred day simple moving average of $84.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.99. The firm has a market cap of $14.48 billion, a P/E ratio of 11.19 and a beta of 0.70.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.13. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.59 billion. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. CF Industries’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the company posted $1.55 earnings per share. On average, equities analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, February 13th. CF Industries’s payout ratio is currently 24.10%.

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.