Bank of New York Mellon Corp Has $151.91 Million Position in CF Industries Holdings, Inc. $CF

Bank of New York Mellon Corp decreased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 6.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,693,479 shares of the basic materials company’s stock after selling 115,241 shares during the period. Bank of New York Mellon Corp’s holdings in CF Industries were worth $151,905,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Trust Co. of Toledo NA OH acquired a new stake in shares of CF Industries in the 2nd quarter worth about $26,000. Harbor Capital Advisors Inc. increased its holdings in CF Industries by 78.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 128 shares in the last quarter. True Wealth Design LLC raised its stake in shares of CF Industries by 396.2% in the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 309 shares during the last quarter. Eastern Bank bought a new position in shares of CF Industries in the third quarter valued at approximately $35,000. Finally, Root Financial Partners LLC purchased a new position in shares of CF Industries during the third quarter valued at approximately $41,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Mizuho lowered their price target on CF Industries from $92.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Wall Street Zen downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. The Goldman Sachs Group dropped their price target on shares of CF Industries from $94.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 16th. HSBC reduced their price objective on shares of CF Industries from $95.00 to $91.00 and set a “hold” rating for the company in a research report on Monday, November 24th. Finally, Cibc Captl Mkts raised shares of CF Industries to a “hold” rating in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $89.71.

CF Industries Price Performance

CF opened at $93.29 on Friday. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The firm has a 50-day moving average of $81.63 and a 200 day moving average of $84.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27. The firm has a market cap of $14.55 billion, a P/E ratio of 11.24 and a beta of 0.69.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.06 by $0.13. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, research analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, February 13th. This represents a $2.00 annualized dividend and a yield of 2.1%. CF Industries’s dividend payout ratio is presently 24.10%.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.