CF Industries Holdings, Inc. $CF Stock Position Boosted by Manchester Capital Management LLC

Manchester Capital Management LLC grew its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 4,300.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,449 shares of the basic materials company’s stock after purchasing an additional 8,257 shares during the quarter. Manchester Capital Management LLC’s holdings in CF Industries were worth $1,068,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in CF Industries during the second quarter valued at approximately $1,410,607,000. Bank of New York Mellon Corp purchased a new stake in shares of CF Industries in the 2nd quarter valued at $198,857,000. Bank of America Corp DE purchased a new stake in shares of CF Industries in the 2nd quarter valued at $186,353,000. Deutsche Bank AG bought a new position in shares of CF Industries during the 2nd quarter valued at $157,850,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of CF Industries by 407.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,352,013 shares of the basic materials company’s stock valued at $170,136,000 after purchasing an additional 1,085,612 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CF. Canadian Imperial Bank of Commerce lifted their target price on shares of CF Industries from $125.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday. BMO Capital Markets reduced their price objective on CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Rothschild & Co Redburn raised CF Industries from a “sell” rating to a “neutral” rating and raised their price objective for the company from $98.00 to $110.00 in a research note on Monday, September 28th. Wall Street Zen downgraded CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Weiss Ratings raised CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $121.89.

CF Industries Trading Up 1.8%

NYSE:CF opened at $120.65 on Friday. The company has a fifty day moving average of $123.74 and a 200 day moving average of $119.87. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $18.26 billion, a P/E ratio of 8.94, a P/E/G ratio of 0.23 and a beta of 0.53.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the company earned $2.37 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. On average, research analysts predict that CF Industries Holdings, Inc. will post 13.89 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued 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 currently 17.79%.

About CF Industries

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.