Federated Hermes Inc. Sells 157,069 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Federated Hermes Inc. cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 42.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 208,982 shares of the basic materials company’s stock after selling 157,069 shares during the quarter. Federated Hermes Inc. owned 0.11% of CF Industries worth $15,490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in CF Industries by 401.2% in the second quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock worth $269,729,000 after purchasing an additional 2,912,942 shares during the last quarter. Norges Bank purchased a new position in shares of CF Industries in the fourth quarter worth approximately $193,145,000. Boston Partners grew its position in CF Industries by 37.5% during the first quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock valued at $254,920,000 after buying an additional 835,557 shares during the period. Goldman Sachs Group Inc. increased its holdings in CF Industries by 68.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock valued at $122,933,000 after buying an additional 630,264 shares during the last quarter. Finally, First Trust Advisors LP raised its position in CF Industries by 16.5% in the fourth quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock worth $232,779,000 after acquiring an additional 414,785 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CF has been the subject of several analyst reports. UBS Group upped their price objective on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Bank of America lifted their price objective on CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Wells Fargo & Company cut their price objective on CF Industries from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Royal Bank of Canada raised their target price on shares of CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, BMO Capital Markets upped their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.91.

CF Industries Trading Up 0.7 %

CF stock opened at $79.73 on Tuesday. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $87.90. The firm’s 50-day moving average is $76.85 and its 200 day moving average is $77.91. The company has a market capitalization of $14.57 billion, a PE ratio of 13.24, a P/E/G ratio of 2.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.70 and a quick ratio of 4.19.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.50. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The company’s revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.70 earnings per share. On average, research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Thursday, August 15th. CF Industries’s dividend payout ratio is 33.22%.

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.