L2 Asset Management LLC Raises Holdings in CF Industries Holdings, Inc. $CF

L2 Asset Management LLC boosted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 20.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,993 shares of the basic materials company’s stock after buying an additional 13,610 shares during the period. CF Industries makes up 1.1% of L2 Asset Management LLC’s investment portfolio, making the stock its 23rd biggest holding. L2 Asset Management LLC owned approximately 0.05% of CF Industries worth $7,265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp grew its position in shares of CF Industries by 2.1% in the second quarter. State Street Corp now owns 7,982,072 shares of the basic materials company’s stock valued at $734,351,000 after purchasing an additional 165,833 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in CF Industries by 10.6% during the 3rd quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock worth $449,742,000 after purchasing an additional 480,126 shares in the last quarter. Boston Partners lifted its holdings in CF Industries by 15.3% during the 3rd quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock worth $321,852,000 after purchasing an additional 476,769 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in CF Industries by 1.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,351,194 shares of the basic materials company’s stock worth $300,602,000 after purchasing an additional 63,938 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in CF Industries by 22.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,133,709 shares of the basic materials company’s stock worth $281,104,000 after purchasing an additional 568,710 shares during the period. Institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

Shares of NYSE CF opened at $122.42 on Tuesday. The stock’s 50-day simple moving average is $96.60 and its two-hundred day simple moving average is $87.86. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $137.44. The firm has a market capitalization of $18.81 billion, a P/E ratio of 13.60 and a beta of 0.68. The company has a quick ratio of 2.93, a current ratio of 3.37 and a debt-to-equity ratio of 0.41.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.06. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.78 billion. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The company’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter last year, the company posted $1.89 EPS. As a group, equities analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, February 13th. CF Industries’s payout ratio is currently 22.22%.

Insider Activity at CF Industries

In other news, SVP Michael Patrick Mcgrane sold 3,666 shares of CF Industries stock in a transaction on Friday, March 6th. The shares were sold at an average price of $116.50, for a total transaction of $427,089.00. Following the completion of the sale, the senior vice president directly owned 19,161 shares of the company’s stock, valued at approximately $2,232,256.50. The trade was a 16.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Richard A. Hoker sold 6,184 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $109.33, for a total transaction of $676,096.72. Following the completion of the transaction, the vice president owned 34,535 shares of the company’s stock, valued at $3,775,711.55. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 71,409 shares of company stock worth $8,589,559 over the last quarter. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CF. Barclays upped their price target on CF Industries from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. BNP Paribas Exane raised their price objective on shares of CF Industries from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Wells Fargo & Company upped their target price on shares of CF Industries from $100.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Finally, Weiss Ratings upgraded shares of CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $96.87.

CF Industries Company Profile

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.