Yousif Capital Management LLC Trims Stock Holdings in CF Industries Holdings, Inc. $CF

Yousif Capital Management LLC lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 7.2% in the second quarter, HoldingsChannel reports. The firm owned 22,380 shares of the basic materials company’s stock after selling 1,724 shares during the period. Yousif Capital Management LLC’s holdings in CF Industries were worth $2,059,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in CF Industries by 1.5% in the first quarter. Vanguard Group Inc. now owns 21,040,601 shares of the basic materials company’s stock valued at $1,644,323,000 after purchasing an additional 319,343 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in CF Industries by 4.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock valued at $473,220,000 after purchasing an additional 262,944 shares during the last quarter. Invesco Ltd. boosted its holdings in CF Industries by 4.4% in the first quarter. Invesco Ltd. now owns 5,708,643 shares of the basic materials company’s stock valued at $446,130,000 after purchasing an additional 240,756 shares during the last quarter. Boston Partners boosted its holdings in CF Industries by 9.3% in the first quarter. Boston Partners now owns 3,623,708 shares of the basic materials company’s stock valued at $283,169,000 after purchasing an additional 307,092 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in CF Industries by 16.8% in the first quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company’s stock valued at $255,977,000 after purchasing an additional 470,746 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 0.7%

Shares of CF Industries stock opened at $83.59 on Friday. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The business’s 50 day simple moving average is $86.64 and its 200-day simple moving average is $87.18. The stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 10.91 and a beta of 0.93. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.02. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 EPS. Equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 14th. CF Industries’s dividend payout ratio is presently 26.11%.

Analyst Ratings Changes

A number of brokerages recently commented on CF. Wells Fargo & Company increased their price target on CF Industries from $101.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley set a $95.00 target price on CF Industries and gave the stock an “equal weight” rating in a report on Thursday, June 26th. Bank of America increased their target price on CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a report on Tuesday, October 14th. Wall Street Zen raised CF Industries from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, HSBC reduced their target price on CF Industries from $104.00 to $95.00 and set a “hold” rating on the stock in a report on Monday, September 15th. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, CF Industries currently has an average rating of “Hold” and an average price target of $96.92.

CF Industries Profile

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.