Vident Investment Advisory LLC Increases Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Vident Investment Advisory LLC grew its stake in CF Industries Holdings, Inc. (NYSE:CF) by 25.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,108 shares of the basic materials company’s stock after buying an additional 3,522 shares during the period. Vident Investment Advisory LLC’s holdings in CF Industries were worth $881,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in CF Industries in the 1st quarter valued at about $211,000. Russell Investments Group Ltd. lifted its holdings in shares of CF Industries by 200.7% in the 1st quarter. Russell Investments Group Ltd. now owns 132,921 shares of the basic materials company’s stock valued at $6,030,000 after buying an additional 88,714 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of CF Industries by 287.2% in the 1st quarter. Rockefeller Capital Management L.P. now owns 2,703 shares of the basic materials company’s stock valued at $122,000 after buying an additional 2,005 shares during the period. Acadian Asset Management LLC boosted its stake in shares of CF Industries by 457.5% in the first quarter. Acadian Asset Management LLC now owns 11,512 shares of the basic materials company’s stock valued at $522,000 after buying an additional 9,447 shares in the last quarter. Finally, Brinker Capital Investments LLC acquired a new position in CF Industries during the first quarter worth $618,000. 91.95% of the stock is currently owned by institutional investors.

In related news, CFO Christopher D. Bohn sold 56,580 shares of CF Industries stock in a transaction on Friday, October 1st. The shares were sold at an average price of $59.30, for a total transaction of $3,355,194.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ashraf K. Malik sold 58,090 shares of the firm’s stock in a transaction dated Friday, October 1st. The shares were sold at an average price of $59.80, for a total value of $3,473,782.00. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

CF has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating and set a $53.00 price target for the company. in a report on Monday, July 12th. Royal Bank of Canada boosted their price target on CF Industries from $57.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 7th. HSBC upgraded CF Industries from a “hold” rating to a “buy” rating and upped their price target for the stock from $57.00 to $59.50 in a report on Friday, August 20th. Bank of America boosted their target price on CF Industries from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Tuesday, September 14th. Finally, Berenberg Bank upgraded shares of CF Industries from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $54.00 to $60.00 in a research report on Tuesday, August 17th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $55.46.

CF opened at $60.35 on Thursday. CF Industries Holdings, Inc. has a 12 month low of $25.30 and a 12 month high of $63.40. The business has a 50-day moving average of $50.08 and a two-hundred day moving average of $50.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.44 and a quick ratio of 1.99. The stock has a market capitalization of $12.98 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27.

CF Industries (NYSE:CF) last released its earnings results on Sunday, August 8th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.50). The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.63 billion. CF Industries had a net margin of 9.95% and a return on equity of 8.03%. CF Industries’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 4.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 30th. Stockholders of record on Monday, November 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.99%. CF Industries’s payout ratio is 81.63%.

CF Industries Company Profile

CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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