Mediolanum International Funds Ltd Sells 18,379 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Mediolanum International Funds Ltd lessened its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 18.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,309 shares of the basic materials company's stock after selling 18,379 shares during the period. Mediolanum International Funds Ltd's holdings in CF Industries were worth $6,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in shares of CF Industries by 401.2% during 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 acquiring an additional 2,912,942 shares during the last quarter. Boston Partners increased its stake in CF Industries by 37.5% in the 1st 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. Dimensional Fund Advisors LP lifted its stake in shares of CF Industries by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company's stock worth $212,823,000 after acquiring an additional 198,246 shares during the period. Earnest Partners LLC lifted its position in CF Industries by 2.8% in the second quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company's stock valued at $162,584,000 after purchasing an additional 59,674 shares during the period. Finally, Sei Investments Co. lifted its holdings in CF Industries by 5.1% in the second quarter. Sei Investments Co. now owns 1,422,493 shares of the basic materials company's stock valued at $105,435,000 after acquiring an additional 68,834 shares during the period. Hedge funds and other institutional investors own 93.06% of the company's stock.

CF Industries Stock Performance

NYSE:CF traded down $0.03 during trading hours on Friday, reaching $83.19. 1,050,414 shares of the stock were exchanged, compared to its average volume of 2,081,504. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $90.86. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $15.21 billion, a P/E ratio of 13.82, a P/E/G ratio of 2.49 and a beta of 0.95. The firm has a 50 day simple moving average of $83.10 and a 200-day simple moving average of $78.32.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.50. The company 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 for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.70 earnings per share. As a group, sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.84 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries's dividend payout ratio is presently 33.22%.

Insider Activity at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the company's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the sale, the executive vice president now directly owns 66,268 shares of the company's stock, valued at approximately $5,964,120. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the transaction, the executive vice president now directly owns 66,268 shares of the company's stock, valued at $5,964,120. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now directly owns 29,211 shares in the company, valued at approximately $2,629,574.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Scotiabank boosted their target price on CF Industries from $80.00 to $88.00 and gave the stock a "sector perform" rating in a research report on Monday, August 12th. Wells Fargo & Company lifted their price objective on CF Industries from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 24th. Barclays upped their target price on shares of CF Industries from $90.00 to $96.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Royal Bank of Canada boosted their price target on CF Industries from $85.00 to $95.00 and gave the company an "outperform" rating in a report on Monday, August 12th. Finally, Redburn Atlantic started coverage on CF Industries in a research report on Friday, October 18th. They set a "neutral" rating and a $77.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, CF Industries presently has an average rating of "Hold" and a consensus target price of $87.67.

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.