Buckhead Capital Management LLC Sells 556 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Buckhead Capital Management LLC cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,679 shares of the basic materials company’s stock after selling 556 shares during the quarter. Buckhead Capital Management LLC’s holdings in CF Industries were worth $2,836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CF Industries in the fourth quarter valued at about $29,000. ORG Partners LLC grew its stake in CF Industries by 428.6% in the third quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in CF Industries in the fourth quarter valued at about $32,000. Meeder Asset Management Inc. purchased a new position in CF Industries in the fourth quarter valued at about $36,000. Finally, Larson Financial Group LLC purchased a new position in CF Industries in the third quarter valued at about $50,000. 93.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CF has been the topic of several analyst reports. Barclays upgraded CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 target price on the stock in a research note on Friday, January 12th. Bank of America restated a “neutral” rating and set a $88.00 price target (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Wolfe Research assumed coverage on CF Industries in a research note on Friday, March 1st. They set an “outperform” rating and a $99.00 price target on the stock. Berenberg Bank boosted their price target on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of CF Industries in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.47.

CF Industries Trading Down 1.3 %

Shares of NYSE CF traded down $1.00 during mid-day trading on Wednesday, reaching $77.97. 1,885,868 shares of the company’s stock were exchanged, compared to its average volume of 2,427,175. The firm has a market capitalization of $14.64 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 2.30 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.44 and a current ratio of 3.81. CF Industries Holdings, Inc. has a 52-week low of $60.08 and a 52-week high of $87.90. The company’s 50-day moving average is $81.70 and its 200-day moving average is $79.49.

CF Industries (NYSE:CF) last posted its earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.12). The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. CF Industries’s revenue was down 39.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.35 EPS. Analysts expect that CF Industries Holdings, Inc. will post 5.86 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.57%. CF Industries’s payout ratio is currently 25.51%.

Insider Activity

In other news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the transaction, the executive vice president now owns 64,030 shares in the company, valued at approximately $5,442,550. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.

About CF Industries

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.