CF Industries Holdings, Inc. $CF Position Lifted by Bank & Trust Co

Bank & Trust Co lifted its stake in CF Industries Holdings, Inc. (NYSE:CF) by 242.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,574 shares of the basic materials company’s stock after acquiring an additional 8,898 shares during the period. Bank & Trust Co’s holdings in CF Industries were worth $1,551,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CF. BlackRock Inc. bought a new stake in CF Industries during the second quarter valued at about $1,410,607,000. Dimensional Fund Advisors LP raised its holdings in 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 worth $579,062,000 after purchasing an additional 146,682 shares in the last quarter. Bank of America Corp DE raised its holdings in 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 worth $265,999,000 after purchasing an additional 158,119 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of CF Industries by 19.7% during 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 buying an additional 431,868 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of CF Industries during the second quarter valued at about $198,857,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Stock Performance

CF Industries stock traded down $1.33 during mid-day trading on Wednesday, reaching $114.69. 742,100 shares of the company traded hands, compared to its average volume of 3,266,162. 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 Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The company has a market capitalization of $17.36 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 0.23 and a beta of 0.53. The firm’s fifty day moving average is $124.39 and its two-hundred day moving average is $120.89.

CF Industries (NYSE:CF) last posted its quarterly 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). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the prior year, the business posted $2.37 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities research analysts expect that CF Industries Holdings, Inc. will post 13.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CF shares. Wall Street Zen downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Rothschild & Co Redburn raised shares of CF Industries from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $98.00 to $110.00 in a report on Monday, September 28th. Sanford C. Bernstein started coverage on CF Industries in a research report on Friday, September 25th. They set an “outperform” rating and a $162.00 price target on the stock. BNP Paribas Exane lowered their price objective on CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, June 15th. Finally, The Goldman Sachs Group dropped 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. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and a consensus price target of $121.11.

CF Industries Profile

CF Industries Holdings, Inc (NYSE: CF) is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

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