Patton Fund Management Inc. Sells 20,572 Shares of CF Industries Holdings, Inc. $CF

Patton Fund Management Inc. reduced its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 87.0% in the 3rd quarter, Holdings Channel reports. The fund owned 3,072 shares of the basic materials company’s stock after selling 20,572 shares during the quarter. Patton Fund Management Inc.’s holdings in CF Industries were worth $276,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Trust Co. of Toledo NA OH bought a new position in shares of CF Industries during the 2nd quarter valued at about $26,000. MUFG Securities EMEA plc acquired a new stake in CF Industries during the 2nd quarter worth approximately $44,000. CYBER HORNET ETFs LLC acquired a new stake in CF Industries during the 2nd quarter worth approximately $46,000. Allworth Financial LP lifted its stake in CF Industries by 123.0% in the second quarter. Allworth Financial LP now owns 611 shares of the basic materials company’s stock valued at $56,000 after buying an additional 337 shares in the last quarter. Finally, Caldwell Trust Co acquired a new position in shares of CF Industries in the second quarter valued at approximately $61,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Trading Down 1.6%

Shares of CF Industries stock opened at $77.45 on Tuesday. The stock has a market cap of $12.08 billion, a P/E ratio of 9.33 and a beta of 0.68. The company has a quick ratio of 1.99, a current ratio of 2.27 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45. The business’s 50 day moving average is $81.36 and its 200-day moving average is $87.22.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the company earned $1.55 earnings per share. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. Equities research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of CF Industries in a report on Monday, December 15th. Mizuho lowered their target price on CF Industries from $92.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. UBS Group reduced their price objective on CF Industries from $96.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company began coverage on CF Industries in a report on Tuesday, November 11th. They set an “overweight” rating and a $100.00 price objective for the company. Finally, Wall Street Zen cut CF Industries from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, CF Industries presently has an average rating of “Hold” and an average target price of $93.06.

CF Industries Profile

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.