First Republic Investment Management Inc. Sells 2,129 Shares of CF Industries Holdings, Inc. (NYSE:CF)

First Republic Investment Management Inc. lowered its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 16.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,738 shares of the basic materials company’s stock after selling 2,129 shares during the quarter. First Republic Investment Management Inc.’s holdings in CF Industries were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in CF Industries by 27.4% in the fourth quarter. Geode Capital Management LLC now owns 4,022,001 shares of the basic materials company’s stock worth $174,768,000 after acquiring an additional 865,928 shares during the period. JPMorgan Chase & Co. grew its stake in CF Industries by 33.1% during the first quarter. JPMorgan Chase & Co. now owns 1,763,130 shares of the basic materials company’s stock valued at $72,077,000 after acquiring an additional 438,750 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in CF Industries by 7.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,066,656 shares of the basic materials company’s stock valued at $43,605,000 after acquiring an additional 71,167 shares in the last quarter. Swiss National Bank grew its stake in CF Industries by 1.5% during the first quarter. Swiss National Bank now owns 770,040 shares of the basic materials company’s stock valued at $31,479,000 after acquiring an additional 11,600 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in CF Industries by 43.9% during the first quarter. Robeco Institutional Asset Management B.V. now owns 766,477 shares of the basic materials company’s stock valued at $31,333,000 after purchasing an additional 233,696 shares during the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.

NYSE:CF traded up $0.81 during mid-day trading on Friday, hitting $49.91. The stock had a trading volume of 2,240,103 shares, compared to its average volume of 2,511,037. The company has a current ratio of 1.43, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $10.77 billion, a PE ratio of 40.25, a PEG ratio of 3.63 and a beta of 0.92. The stock has a 50-day simple moving average of $48.98 and a two-hundred day simple moving average of $44.83. CF Industries Holdings, Inc. has a twelve month low of $38.90 and a twelve month high of $56.51.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.47. CF Industries had a return on equity of 7.22% and a net margin of 9.67%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company earned $0.63 earnings per share. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. Sell-side analysts predict that CF Industries Holdings, Inc. will post 2.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.40%. CF Industries’s payout ratio is 96.77%.

In other CF Industries news, VP Bert A. Frost sold 21,600 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $50.16, for a total value of $1,083,456.00. Following the transaction, the vice president now directly owns 103,672 shares of the company’s stock, valued at approximately $5,200,187.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Dennis P. Kelleher sold 95,243 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $48.21, for a total value of $4,591,665.03. Following the completion of the transaction, the chief financial officer now directly owns 136,117 shares in the company, valued at $6,562,200.57. The disclosure for this sale can be found here. In the last three months, insiders sold 238,343 shares of company stock valued at $11,786,901. Company insiders own 2.00% of the company’s stock.

Several equities analysts have commented on the stock. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating in a research report on Monday, August 5th. Barclays set a $57.00 target price on shares of CF Industries and gave the stock a “hold” rating in a report on Friday, August 2nd. Citigroup boosted their target price on shares of CF Industries from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Stifel Nicolaus lifted their price objective on shares of CF Industries from $43.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, Rowe lifted their price objective on shares of CF Industries from $56.00 to $66.00 and gave the company a “positive” rating in a research note on Tuesday, August 6th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. CF Industries has a consensus rating of “Buy” and a consensus price target of $52.78.

About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

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

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