CF Industries Holdings, Inc. $CF Stock Holdings Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in CF Industries Holdings, Inc. (NYSE:CF) by 16.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 214,852 shares of the basic materials company’s stock after buying an additional 29,612 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.13% of CF Industries worth $19,766,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. ASR Vermogensbeheer N.V. raised its holdings in shares of CF Industries by 1.1% during the second quarter. ASR Vermogensbeheer N.V. now owns 31,898 shares of the basic materials company’s stock worth $2,935,000 after acquiring an additional 353 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of CF Industries by 8.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 39,647 shares of the basic materials company’s stock valued at $3,648,000 after buying an additional 2,994 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of CF Industries by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 146,036 shares of the basic materials company’s stock valued at $13,435,000 after buying an additional 1,840 shares in the last quarter. PFG Investments LLC acquired a new position in CF Industries in the second quarter worth approximately $529,000. Finally, Truist Financial Corp raised its position in CF Industries by 5.2% during the second quarter. Truist Financial Corp now owns 8,436 shares of the basic materials company’s stock valued at $776,000 after acquiring an additional 418 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CF shares. BNP Paribas lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Royal Bank Of Canada set a $100.00 price target on CF Industries and gave the stock a “sector perform” rating in a research report on Monday, July 14th. Morgan Stanley set a $95.00 price objective on CF Industries and gave the company an “equal weight” rating in a report on Thursday, June 26th. Weiss Ratings reissued a “hold (c)” rating on shares of CF Industries in a research note on Saturday, September 27th. Finally, Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and a consensus target price of $95.00.

CF Industries Stock Up 0.3%

CF opened at $90.08 on Friday. The business has a 50 day moving average of $87.19 and a 200-day moving average of $86.40. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 11.76 and a beta of 0.93. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $104.45.

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

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 annualized dividend and a yield of 2.2%. CF Industries’s dividend payout ratio is 26.11%.

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.