Daiichi Life Insurance Co. Ltd. Invests $778,000 in CF Industries Holdings, Inc. $CF

Daiichi Life Insurance Co. Ltd. bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,184 shares of the basic materials company’s stock, valued at approximately $778,000.

Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of CF Industries by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company’s stock worth $1,368,000 after buying an additional 518 shares during the last quarter. Jones Financial Companies Lllp grew its stake in CF Industries by 161.1% during the 1st quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company’s stock worth $928,000 after buying an additional 7,324 shares during the last quarter. Woodline Partners LP increased its position in CF Industries by 40.7% in the first quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company’s stock worth $1,149,000 after buying an additional 4,252 shares during the period. Focus Partners Wealth increased its position in CF Industries by 21.8% in the first quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company’s stock worth $278,000 after buying an additional 638 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in CF Industries by 141.6% in the first quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock valued at $62,000 after buying an additional 463 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of NYSE CF opened at $129.31 on Tuesday. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96. The firm has a market cap of $19.57 billion, a P/E ratio of 9.59, a PEG ratio of 0.26 and a beta of 0.39. The stock has a fifty day moving average price of $116.44 and a two-hundred day moving average price of $116.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The firm had revenue of $2.22 billion during 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 firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.37 EPS. Research analysts forecast that CF Industries Holdings, Inc. will post 13.7 EPS for the current fiscal 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 $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.9%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 14th. CF Industries’s dividend payout ratio (DPR) is presently 17.79%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CF. Bank of America boosted their price target on shares of CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. JPMorgan Chase & Co. raised their price target on shares of CF Industries from $94.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. UBS Group lifted their price target on CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Morgan Stanley reduced their price objective on CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. Finally, BNP Paribas Exane decreased their price objective on CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $116.56.

About CF Industries

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.