Meeder Asset Management Inc. acquired a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 58,492 shares of the basic materials company’s stock, valued at approximately $6,332,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in CF Industries during the fourth quarter valued at $11,556,000. Twin Capital Management Inc. purchased a new position in CF Industries in the fourth quarter valued at $714,000. AIA Group Ltd purchased a new position in CF Industries in the first quarter valued at $3,428,000. Burford Brothers Inc. acquired a new position in shares of CF Industries in the fourth quarter worth about $960,000. Finally, Teamwork Financial Advisors LLC acquired a new position in shares of CF Industries in the second quarter worth about $10,108,000. Institutional investors and hedge funds own 93.06% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on CF. Wall Street Zen cut CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. The Goldman Sachs Group reduced their price target on CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, June 23rd. BMO Capital Markets lowered their price target on CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Freedom Capital upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, Morgan Stanley dropped their price objective on CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $116.56.
CF Industries Stock Down 0.5%
Shares of NYSE CF opened at $117.75 on Tuesday. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 8.73 and a beta of 0.39. The company’s 50-day simple moving average is $114.77 and its 200-day simple moving average is $114.98. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96.
CF Industries (NYSE:CF – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $2.37 EPS. Equities analysts predict that CF Industries Holdings, Inc. will post 13.85 EPS for the current fiscal year.
CF Industries Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.60 per share. This is an increase from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 14th. This represents a $2.40 annualized dividend and a yield of 2.0%. CF Industries’s dividend payout ratio (DPR) is presently 17.79%.
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.
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