Fmr LLC Sells 91,140 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Fmr LLC cut its position in shares of CF Industries Holdings, Inc. (NYSE:CFGet Rating) by 0.5% in the second quarter, Holdings Channel reports. The institutional investor owned 19,455,929 shares of the basic materials company’s stock after selling 91,140 shares during the period. Fmr LLC owned about 0.10% of CF Industries worth $1,667,957,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CF. William Blair Investment Management LLC bought a new position in shares of CF Industries during the first quarter worth about $232,613,000. Steadfast Capital Management LP bought a new position in shares of CF Industries during the first quarter worth about $82,182,000. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of CF Industries during the first quarter worth about $65,509,000. American Century Companies Inc. grew its holdings in shares of CF Industries by 237.0% during the first quarter. American Century Companies Inc. now owns 557,053 shares of the basic materials company’s stock worth $57,410,000 after buying an additional 391,742 shares in the last quarter. Finally, Clean Energy Transition LLP grew its holdings in shares of CF Industries by 297.2% during the first quarter. Clean Energy Transition LLP now owns 441,796 shares of the basic materials company’s stock worth $45,531,000 after buying an additional 330,581 shares in the last quarter. 94.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CF Industries news, Director Anne P. Noonan sold 3,000 shares of CF Industries stock in a transaction on Friday, August 26th. The stock was sold at an average price of $118.64, for a total value of $355,920.00. Following the completion of the transaction, the director now directly owns 26,411 shares of the company’s stock, valued at approximately $3,133,401.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by insiders.

CF Industries Stock Performance

NYSE:CF traded down $3.37 during mid-day trading on Thursday, hitting $106.31. 1,689,696 shares of the stock were exchanged, compared to its average volume of 2,699,485. The stock has a market capitalization of $20.86 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. The firm’s 50-day simple moving average is $103.15 and its 200 day simple moving average is $98.34. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.30 and a current ratio of 2.66. CF Industries Holdings, Inc. has a fifty-two week low of $57.25 and a fifty-two week high of $119.60.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, November 14th. This represents a $1.60 annualized dividend and a yield of 1.51%. CF Industries’s payout ratio is currently 10.50%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CF. Royal Bank of Canada upgraded CF Industries from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $110.00 to $135.00 in a research note on Monday, October 3rd. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $103.00 to $120.00 in a research note on Wednesday, August 10th. StockNews.com began coverage on CF Industries in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Mizuho decreased their price target on CF Industries from $117.00 to $113.00 and set a “neutral” rating for the company in a research note on Tuesday, November 1st. Finally, Credit Suisse Group raised their price target on CF Industries from $78.00 to $80.00 and gave the company an “underperform” rating in a research note on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.86.

CF Industries Company Profile

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CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.

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

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