Concurrent Investment Advisors LLC Lowers Holdings in CF Industries Holdings, Inc. $CF

Concurrent Investment Advisors LLC decreased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 32.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,880 shares of the basic materials company’s stock after selling 1,353 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in CF Industries were worth $265,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in shares of CF Industries by 8,352.8% in the 1st quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company’s stock worth $113,422,000 after purchasing an additional 1,434,168 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of CF Industries by 72.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company’s stock worth $178,053,000 after purchasing an additional 959,901 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of CF Industries by 113.1% in the 1st quarter. AQR Capital Management LLC now owns 928,701 shares of the basic materials company’s stock worth $72,123,000 after purchasing an additional 492,846 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of CF Industries by 16.8% in the 1st quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company’s stock worth $255,977,000 after purchasing an additional 470,746 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of CF Industries in the 1st quarter worth $34,179,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CF shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CF Industries in a report on Tuesday, October 14th. Wells Fargo & Company lifted their price objective on CF Industries from $101.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday. Wall Street Zen raised CF Industries from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Scotiabank reaffirmed a “sector perform” rating and issued a $82.00 price objective (up previously from $81.00) on shares of CF Industries in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. raised CF Industries from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $75.00 to $92.00 in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, CF Industries presently has an average rating of “Hold” and an average price target of $96.92.

CF Industries Stock Performance

NYSE:CF opened at $83.59 on Monday. The stock has a 50-day simple moving average of $86.64 and a two-hundred day simple moving average of $87.23. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. The firm has a market capitalization of $13.54 billion, a PE ratio of 10.91 and a beta of 0.93.

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

CF Industries Announces Dividend

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

CF Industries Company 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.