Sumitomo Mitsui DS Asset Management Company Ltd grew its position in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 783.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 234,065 shares of the basic materials company’s stock after acquiring an additional 207,574 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.15% of CF Industries worth $29,352,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Himension Capital Singapore PTE. LTD. acquired a new stake in CF Industries in the first quarter worth $25,000. Virtus Advisers LLC acquired a new position in CF Industries during the 2nd quarter worth $25,000. Continuum Advisory LLC bought a new position in shares of CF Industries in the second quarter worth $28,000. Keating Financial Advisory Services Inc. bought a new position in shares of CF Industries in the second quarter worth $29,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of CF Industries in the third quarter worth $35,000. 93.06% of the stock is currently owned by institutional investors.
CF Industries Stock Down 1.9%
CF stock opened at $118.61 on Tuesday. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The firm has a market cap of $17.95 billion, a PE ratio of 8.79, a P/E/G ratio of 0.23 and a beta of 0.53. The firm has a 50 day simple moving average of $123.73 and a 200 day simple moving average of $120.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32.
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 for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.37 earnings per share. Equities research analysts forecast that CF Industries Holdings, Inc. will post 13.90 earnings per share for the current fiscal year.
CF Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, November 16th. CF Industries’s dividend payout ratio is 17.79%.
Analyst Upgrades and Downgrades
CF has been the topic of a number of research analyst reports. Rothschild & Co Redburn raised CF Industries from a “sell” rating to a “neutral” rating and raised their price target for the company from $98.00 to $110.00 in a report on Monday, September 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $129.00 target price on shares of CF Industries in a research report on Friday, July 24th. Sanford C. Bernstein began coverage on shares of CF Industries in a research note on Friday, September 25th. They set an “outperform” rating and a $162.00 target price on the stock. Morgan Stanley dropped their price target on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. Finally, Royal Bank Of Canada reduced their price target on shares of CF Industries from $125.00 to $115.00 and set a “sector perform” rating for the company in a research note on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and an average price target of $121.11.
Read Our Latest Report on CF Industries
CF Industries Profile
CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.
The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.
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