BlackRock Inc. Cuts Holdings in CF Industries Holdings, Inc. (NYSE:CF)

BlackRock Inc. decreased its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 8.1% in the second quarter, HoldingsChannel reports. The firm owned 18,670,957 shares of the basic materials company’s stock after selling 1,644,255 shares during the quarter. BlackRock Inc. owned 0.09% of CF Industries worth $872,120,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Fulton Bank N.A. lifted its holdings in shares of CF Industries by 8.1% in the 2nd quarter. Fulton Bank N.A. now owns 25,130 shares of the basic materials company’s stock valued at $1,174,000 after acquiring an additional 1,888 shares during the last quarter. Scout Investments Inc. lifted its holdings in shares of CF Industries by 336.3% in the 2nd quarter. Scout Investments Inc. now owns 588,487 shares of the basic materials company’s stock valued at $27,488,000 after acquiring an additional 453,591 shares during the last quarter. First Hawaiian Bank lifted its holdings in shares of CF Industries by 42.0% in the 2nd quarter. First Hawaiian Bank now owns 15,565 shares of the basic materials company’s stock valued at $727,000 after acquiring an additional 4,605 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of CF Industries by 28.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 18,094 shares of the basic materials company’s stock valued at $845,000 after acquiring an additional 4,021 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of CF Industries by 15.4% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 48,641 shares of the basic materials company’s stock valued at $2,272,000 after acquiring an additional 6,500 shares during the last quarter. Hedge funds and other institutional investors own 92.79% of the company’s stock.

Shares of NYSE CF opened at $46.63 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.34 and a quick ratio of 1.10. The company has a market cap of $10.38 billion, a P/E ratio of 37.60, a PEG ratio of 3.31 and a beta of 0.95. CF Industries Holdings, Inc. has a 1 year low of $38.90 and a 1 year high of $55.15. The firm has a 50-day simple moving average of $48.01 and a two-hundred day simple moving average of $46.58.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.06). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.06 billion. CF Industries had a return on equity of 7.98% and a net margin of 10.42%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. As a group, equities research analysts expect that CF Industries Holdings, Inc. will post 2.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.57%. The ex-dividend date is Thursday, November 14th. CF Industries’s payout ratio is currently 96.77%.

In other news, Director Stephen A. Furbacher sold 3,500 shares of CF Industries stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $47.50, for a total transaction of $166,250.00. Following the completion of the sale, the director now owns 49,187 shares of the company’s stock, valued at $2,336,382.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bert A. Frost sold 21,000 shares of CF Industries stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $48.21, for a total transaction of $1,012,410.00. Following the sale, the vice president now directly owns 103,072 shares of the company’s stock, valued at approximately $4,969,101.12. The disclosure for this sale can be found here. In the last three months, insiders sold 119,743 shares of company stock valued at $5,770,325. 2.00% of the stock is owned by insiders.

A number of research analysts recently commented on CF shares. Consumer Edge started coverage on shares of CF Industries in a report on Monday, September 23rd. They issued an “overweight” rating for the company. UBS Group increased their price target on shares of CF Industries from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on shares of CF Industries from $43.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Scotiabank downgraded shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $48.00 price target for the company. in a report on Wednesday, September 18th. Finally, Cowen increased their price target on shares of CF Industries from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $50.89.

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.

Featured Story: Google Finance

Want to see what other hedge funds are holding CF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CF Industries Holdings, Inc. (NYSE:CF).

Institutional Ownership by Quarter for CF Industries (NYSE:CF)

Receive News & Ratings for CF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries and related companies with MarketBeat.com's FREE daily email newsletter.