CF Industries Holdings, Inc. $CF Shares Acquired by AlphaQuest LLC

AlphaQuest LLC grew its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 548.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 14,263 shares of the basic materials company’s stock after buying an additional 12,064 shares during the quarter. AlphaQuest LLC’s holdings in CF Industries were worth $1,312,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CF. Nordea Investment Management AB increased its position in CF Industries by 0.8% during the second quarter. Nordea Investment Management AB now owns 15,262 shares of the basic materials company’s stock worth $1,395,000 after buying an additional 114 shares in the last quarter. Planned Solutions Inc. increased its position in CF Industries by 3.5% during the second quarter. Planned Solutions Inc. now owns 3,393 shares of the basic materials company’s stock worth $312,000 after buying an additional 114 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in CF Industries by 1.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company’s stock worth $682,000 after buying an additional 116 shares in the last quarter. Rowlandmiller & PARTNERS.ADV increased its position in CF Industries by 4.1% during the second quarter. Rowlandmiller & PARTNERS.ADV now owns 3,325 shares of the basic materials company’s stock worth $306,000 after buying an additional 130 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in CF Industries by 7.7% during the second quarter. Farther Finance Advisors LLC now owns 1,838 shares of the basic materials company’s stock worth $169,000 after buying an additional 131 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Bank of America raised their price target on CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 14th. BNP Paribas downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Scotiabank reaffirmed a “sector perform” rating and issued a $82.00 price objective (up previously from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Wall Street Zen raised CF Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $97.54.

CF Industries Price Performance

Shares of CF Industries stock opened at $86.43 on Friday. The business’s fifty day moving average price is $86.71 and its 200 day moving average price is $87.50. The stock has a market capitalization of $14.00 billion, a P/E ratio of 11.28 and a beta of 0.93. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve 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.

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

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders 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 is Friday, November 14th. CF Industries’s payout ratio is currently 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.