Andra AP fonden Buys New Holdings in CF Industries Holdings, Inc. $CF

Andra AP fonden purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 325,694 shares of the basic materials company’s stock, valued at approximately $35,260,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of CF Industries during the 2nd quarter worth approximately $1,410,607,000. Dimensional Fund Advisors LP increased its holdings in shares of CF Industries by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after purchasing an additional 146,682 shares during the last quarter. Bank of America Corp DE raised its position in shares of CF Industries by 8.4% in the first quarter. Bank of America Corp DE now owns 2,048,671 shares of the basic materials company’s stock valued at $265,999,000 after purchasing an additional 158,119 shares during the period. Allianz Asset Management GmbH raised its position in shares of CF Industries by 19.7% in the fourth quarter. Allianz Asset Management GmbH now owns 2,624,910 shares of the basic materials company’s stock valued at $203,011,000 after purchasing an additional 431,868 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of CF Industries during the 2nd quarter worth about $198,857,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Ratings Changes

CF has been the topic of a number of research reports. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $129.00 price target on shares of CF Industries in a research note on Friday, July 24th. BNP Paribas Exane cut their price objective on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, June 15th. JPMorgan Chase & Co. upped their target price on CF Industries from $94.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. The Goldman Sachs Group lowered their target price on CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 23rd. Finally, HSBC dropped their price target on CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $116.47.

CF Industries Stock Performance

NYSE CF traded down $3.43 during trading on Tuesday, reaching $119.84. The company’s stock had a trading volume of 1,574,381 shares, compared to its average volume of 3,322,349. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $18.14 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.25 and a beta of 0.40. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The firm has a 50 day moving average price of $125.67 and a 200 day moving average price of $121.09.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the business posted $2.37 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities analysts anticipate that CF Industries Holdings, Inc. will post 13.7 EPS for the current fiscal year.

CF Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.40 annualized dividend and a yield of 2.0%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s payout ratio is presently 17.79%.

CF Industries Company Profile

CF Industries Holdings, Inc is a global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and nitric acid, which are used primarily in agriculture to support crop production. Its industrial products also serve customers in areas such as emissions control, plastics, resins, chemicals and other manufacturing applications.

CF Industries operates production facilities in the United States, Canada and the United Kingdom and supplies agricultural and industrial customers in North America and international markets.