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

Hsbc Holdings PLC cut its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 351,490 shares of the basic materials company’s stock after selling 15,670 shares during the period. Hsbc Holdings PLC owned approximately 0.23% of CF Industries worth $27,143,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CF Industries by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company’s stock worth $1,368,000 after purchasing an additional 518 shares during the last quarter. Jones Financial Companies Lllp grew its position in CF Industries by 161.1% in the 1st quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company’s stock valued at $928,000 after buying an additional 7,324 shares during the last quarter. Woodline Partners LP grew its position in CF Industries by 40.7% in the 1st quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company’s stock valued at $1,149,000 after buying an additional 4,252 shares during the last quarter. Focus Partners Wealth grew its position in CF Industries by 21.8% in the 1st quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company’s stock valued at $278,000 after buying an additional 638 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in CF Industries by 141.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock valued at $62,000 after buying an additional 463 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Price Performance

CF Industries stock opened at $103.02 on Thursday. The company has a market cap of $15.83 billion, a P/E ratio of 9.26 and a beta of 0.38. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The business has a fifty day moving average of $116.96 and a two-hundred day moving average of $105.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company posted $1.85 EPS. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, analysts predict that CF Industries Holdings, Inc. will post 15.6 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 15th. CF Industries’s dividend payout ratio is presently 17.97%.

Analyst Ratings Changes

A number of brokerages have commented on CF. Scotiabank upped their price objective on shares of CF Industries from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Monday, May 11th. Zacks Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. JPMorgan Chase & Co. boosted their price target on shares of CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Barclays increased their price target on shares of CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, HSBC reduced their price objective on shares of CF Industries from $130.00 to $121.00 in a research report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $118.50.

CF Industries Company 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.