Voya Investment Management LLC Sells 427,040 Shares of CF Industries Holdings, Inc. $CF

by · The Cerbat Gem

Voya Investment Management LLC trimmed its stake in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 91.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,674 shares of the basic materials company’s stock after selling 427,040 shares during the quarter. Voya Investment Management LLC’s holdings in CF Industries were worth $3,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new position in CF Industries in the 2nd quarter worth about $26,000. MUFG Securities EMEA plc purchased a new stake in shares of CF Industries in the second quarter worth about $44,000. CYBER HORNET ETFs LLC bought a new position in shares of CF Industries in the second quarter valued at approximately $46,000. Allworth Financial LP grew its stake in CF Industries by 123.0% during the second quarter. Allworth Financial LP now owns 611 shares of the basic materials company’s stock valued at $56,000 after acquiring an additional 337 shares in the last quarter. Finally, Caldwell Trust Co bought a new stake in CF Industries during the 2nd quarter worth approximately $61,000. 93.06% of the stock is currently owned by institutional investors.

CF Industries Trading Down 0.1%

Shares of CF stock opened at $77.50 on Friday. The business has a 50-day moving average price of $80.81 and a two-hundred day moving average price of $86.89. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45. The company has a quick ratio of 1.99, a current ratio of 2.27 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.09 billion, a P/E ratio of 9.34 and a beta of 0.68.

CF Industries (NYSE:CF – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.59 billion. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.CF Industries’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the firm posted $1.55 EPS. Equities analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, November 14th. CF Industries’s payout ratio is presently 24.10%.

Wall Street Analyst Weigh In

Several research analysts have commented on CF shares. CIBC began coverage on shares of CF Industries in a report on Tuesday, December 2nd. They issued a “neutral” rating and a $87.00 price target for the company. The Goldman Sachs Group dropped their price objective on CF Industries from $94.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, December 16th. Wolfe Research upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. UBS Group lowered their price target on CF Industries from $96.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Royal Bank Of Canada cut their price objective on CF Industries from $95.00 to $90.00 and set a “sector perform” rating for the company in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $93.06.

View Our Latest Stock Analysis on CF Industries

CF Industries Company Profile

(Free Report)

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.

Further Reading

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