KBC Group NV Has $84.32 Million Stake in CF Industries Holdings, Inc. $CF

KBC Group NV lifted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 2.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 916,542 shares of the basic materials company’s stock after purchasing an additional 23,544 shares during the period. KBC Group NV’s holdings in CF Industries were worth $84,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CF. Mitsubishi UFJ Trust & Banking Corp grew its holdings in CF Industries by 11.0% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 313,695 shares of the basic materials company’s stock worth $28,860,000 after acquiring an additional 31,194 shares during the last quarter. National Pension Service lifted its position in shares of CF Industries by 22.9% during the second quarter. National Pension Service now owns 12,981 shares of the basic materials company’s stock worth $1,194,000 after purchasing an additional 2,421 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of CF Industries in the second quarter valued at approximately $838,000. Allworth Financial LP raised its position in CF Industries by 123.0% in the 2nd quarter. Allworth Financial LP now owns 611 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 337 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in CF Industries during the 2nd quarter worth $19,523,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CF has been the subject of several research reports. Bank of America lifted their target price on CF Industries from $82.00 to $83.00 and gave the company an “underperform” rating in a research note on Tuesday, October 14th. Royal Bank Of Canada reduced their target price on shares of CF Industries from $100.00 to $95.00 and set a “sector perform” rating on the stock in a research note on Monday. HSBC dropped their price target on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $95.00 to $100.00 in a report on Wednesday, August 13th. Finally, UBS Group reduced their price target on CF Industries from $96.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and an average price target of $96.38.

CF Industries Trading Up 1.0%

NYSE CF opened at $83.69 on Wednesday. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $104.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. The firm has a market cap of $13.55 billion, a P/E ratio of 10.92 and a beta of 0.89. The stock’s 50-day moving average is $86.17 and its 200-day moving average is $88.67.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the business earned $1.55 EPS. CF Industries’s revenue for the quarter was up 21.1% compared to the same quarter last year. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. CF Industries’s dividend payout ratio (DPR) is currently 24.10%.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.