Caisse de depot et placement du Quebec bought a new stake in CF Industries Holdings, Inc. (NYSE:CF – Free Report) during the second quarter, HoldingsChannel.com reports. The fund bought 922,863 shares of the basic materials company’s stock, valued at approximately $99,909,000.
Several other hedge funds also recently modified their holdings of the company. Himension Capital Singapore PTE. LTD. acquired a new position in shares of CF Industries in the first quarter valued at approximately $25,000. Virtus Advisers LLC acquired a new stake in CF Industries during the second quarter worth approximately $25,000. Keating Financial Advisory Services Inc. purchased a new stake in CF Industries in the 2nd quarter worth approximately $29,000. Hantz Financial Services Inc. grew its stake in CF Industries by 46.3% in the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 156 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in CF Industries in the 2nd quarter valued at $44,000. 93.06% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently issued reports on CF. BNP Paribas Exane decreased their price objective on CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a report on Monday, June 15th. Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Wall Street Zen downgraded CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $129.00 price target on shares of CF Industries in a research note on Friday, July 24th. Finally, Royal Bank Of Canada lowered their price target on CF Industries from $125.00 to $115.00 and set a “sector perform” rating for the company in a report on Friday, July 17th. Two equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $116.56.
CF Industries Stock Performance
CF Industries stock opened at $125.71 on Thursday. The company has a market cap of $19.02 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32. The stock’s 50-day moving average is $117.27 and its 200-day moving average is $116.58.
CF Industries (NYSE:CF – Get Free Report) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.37 EPS. Equities analysts anticipate that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current year.
CF Industries Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. CF Industries’s dividend payout ratio 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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