Resona Asset Management Co. Ltd. Increases Stock Position in CF Industries Holdings, Inc. $CF

Resona Asset Management Co. Ltd. lifted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,783 shares of the basic materials company’s stock after buying an additional 1,227 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in CF Industries were worth $7,147,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Talaria Asset Management Pty Ltd boosted its stake in CF Industries by 77.0% in the 1st quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock worth $45,640,000 after purchasing an additional 254,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in CF Industries by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock valued at $473,220,000 after purchasing an additional 262,944 shares in the last quarter. Cerity Partners LLC raised its holdings in CF Industries by 31.2% in the first quarter. Cerity Partners LLC now owns 17,208 shares of the basic materials company’s stock worth $1,345,000 after buying an additional 4,089 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of CF Industries by 5.9% in the second quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock worth $25,442,000 after buying an additional 15,291 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of CF Industries during the first quarter valued at approximately $849,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Stock Performance

CF stock opened at $81.93 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45. The company has a market cap of $13.27 billion, a P/E ratio of 10.70 and a beta of 0.89. The stock’s fifty day moving average price is $86.32 and its 200-day moving average price is $88.50.

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

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, November 14th. CF Industries’s dividend payout ratio is 24.10%.

Wall Street Analysts Forecast Growth

CF has been the subject of a number of recent analyst reports. Scotiabank restated a “sector perform” rating and issued a $82.00 price objective (up from $81.00) on shares of CF Industries in a report on Monday, August 11th. Weiss Ratings restated a “hold (c+)” rating on shares of CF Industries in a research note on Tuesday, October 14th. The Goldman Sachs Group lowered their price target on CF Industries from $96.00 to $94.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Wells Fargo & Company lifted their price objective on CF Industries from $101.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, CF Industries currently has a consensus rating of “Hold” and an average target price of $96.54.

CF Industries Profile

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.