Sound Shore Management Inc. CT Purchases 103,101 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Sound Shore Management Inc. CT boosted its position in CF Industries Holdings, Inc. (NYSE:CF) by 13.1% during the second quarter, HoldingsChannel.com reports. The fund owned 888,166 shares of the basic materials company’s stock after buying an additional 103,101 shares during the quarter. Sound Shore Management Inc. CT’s holdings in CF Industries were worth $65,831,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Westside Investment Management Inc. bought a new position in shares of CF Industries in the 1st quarter valued at $25,000. UMB Bank n.a. increased its holdings in CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 191 shares during the period. Mather Group LLC. bought a new position in CF Industries during the 1st quarter worth $55,000. nVerses Capital LLC grew its position in shares of CF Industries by 250.0% in the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after buying an additional 500 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of CF Industries by 28.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 167 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of CF opened at $81.59 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70. The stock has a market capitalization of $14.91 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 2.21 and a beta of 0.95. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $87.90. The stock’s 50-day simple moving average is $77.79 and its 200 day simple moving average is $77.98.

CF Industries (NYSE:CF) last released 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. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the firm posted $2.70 EPS. The company’s revenue was down 11.4% compared to the same quarter last year. Research analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Thursday, August 15th. CF Industries’s payout ratio is presently 33.22%.

Analyst Ratings Changes

Several research firms have recently weighed in on CF. UBS Group increased their price objective on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Wells Fargo & Company cut their price target on CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Bank of America upped their target price on CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. BMO Capital Markets upped their price objective on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Scotiabank raised their price target on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.91.

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.