Inspire Investing LLC Sells 2,418 Shares of CF Industries Holdings, Inc. $CF

Inspire Investing LLC lessened its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 17.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,651 shares of the basic materials company’s stock after selling 2,418 shares during the period. Inspire Investing LLC’s holdings in CF Industries were worth $1,072,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CF. Zions Bancorporation National Association UT bought a new stake in CF Industries in the first quarter worth $27,000. Golden State Wealth Management LLC increased its position in CF Industries by 119.8% in the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 206 shares during the last quarter. TCTC Holdings LLC increased its position in CF Industries by 114.1% in the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 202 shares during the last quarter. Grove Bank & Trust increased its position in CF Industries by 118.5% in the first quarter. Grove Bank & Trust now owns 542 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 294 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in CF Industries in the first quarter worth $50,000. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

CF has been the subject of several recent analyst reports. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $95.00 to $100.00 in a research note on Wednesday, August 13th. JPMorgan Chase & Co. raised shares of CF Industries from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $75.00 to $92.00 in a research note on Tuesday, July 29th. Royal Bank Of Canada set a $100.00 price objective on shares of CF Industries and gave the stock a “sector perform” rating in a research note on Monday, July 14th. Mizuho lifted their price objective on shares of CF Industries from $97.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Wells Fargo & Company dropped their price objective on shares of CF Industries from $108.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, CF Industries has an average rating of “Hold” and an average price target of $95.14.

CF Industries Stock Down 1.4%

Shares of CF opened at $87.33 on Friday. The firm has a market capitalization of $14.14 billion, a P/E ratio of 11.40 and a beta of 0.93. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $86.91 and a 200-day moving average price of $86.94.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.02. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.30 earnings per share. Equities research analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries’s payout ratio is currently 26.11%.

CF Industries Profile

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.