Rhumbline Advisers cut its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 12.5% in the first quarter, Holdings Channel reports. The institutional investor owned 358,219 shares of the basic materials company’s stock after selling 51,326 shares during the quarter. Rhumbline Advisers’ holdings in CF Industries were worth $14,644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ffcm LLC raised its stake in CF Industries by 49.4% during the 4th quarter. Ffcm LLC now owns 762 shares of the basic materials company’s stock valued at $33,000 after buying an additional 252 shares during the last quarter. Fisher Asset Management LLC raised its stake in CF Industries by 0.6% during the 4th quarter. Fisher Asset Management LLC now owns 47,641 shares of the basic materials company’s stock valued at $2,073,000 after buying an additional 270 shares during the last quarter. CSat Investment Advisory L.P. raised its stake in CF Industries by 81.3% during the 4th quarter. CSat Investment Advisory L.P. now owns 620 shares of the basic materials company’s stock valued at $27,000 after buying an additional 278 shares during the last quarter. Investors Research Corp raised its stake in CF Industries by 0.9% during the 4th quarter. Investors Research Corp now owns 35,075 shares of the basic materials company’s stock valued at $1,526,000 after buying an additional 300 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in CF Industries by 2.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,095 shares of the basic materials company’s stock valued at $613,000 after buying an additional 330 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

NYSE:CF opened at $41.19 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.71 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $9.02 billion, a PE ratio of 33.22, a P/E/G ratio of 3.42 and a beta of 0.75. CF Industries Holdings, Inc. has a one year low of $38.90 and a one year high of $56.51.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.01 billion. CF Industries had a return on equity of 4.81% and a net margin of 7.09%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. Sell-side analysts expect that CF Industries Holdings, Inc. will post 1.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s dividend payout ratio is currently 96.77%.

In other CF Industries news, Director Stephen A. Furbacher sold 3,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $42.01, for a total transaction of $126,030.00. Following the completion of the transaction, the director now owns 47,190 shares of the company’s stock, valued at approximately $1,982,451.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

A number of brokerages have weighed in on CF. ValuEngine lowered shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Berenberg Bank set a $43.00 target price on shares of CF Industries and gave the company a “hold” rating in a research note on Tuesday, March 26th. Barclays restated a “neutral” rating on shares of CF Industries in a research note on Friday, February 15th. Citigroup reduced their price objective on CF Industries from $51.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, February 19th. Finally, Cowen restated an “outperform” rating and issued a $54.00 price objective (down from $56.00) on shares of CF Industries in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. CF Industries currently has an average rating of “Hold” and a consensus price target of $50.41.

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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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