Wakefield Asset Management LLLP Takes $388,000 Position in CF Industries Holdings, Inc. $CF

Wakefield Asset Management LLLP acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,214 shares of the basic materials company’s stock, valued at approximately $388,000.

Other institutional investors have also modified their holdings of the company. Talaria Asset Management Pty Ltd increased its position in CF Industries by 77.0% during the first 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 during the last quarter. Private Trust Co. NA increased its position in CF Industries by 62.2% during the first quarter. Private Trust Co. NA now owns 720 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 276 shares during the last quarter. Principal Financial Group Inc. increased its position in CF Industries by 8.5% during the first quarter. Principal Financial Group Inc. now owns 258,164 shares of the basic materials company’s stock worth $20,176,000 after purchasing an additional 20,244 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in CF Industries by 4.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock worth $473,220,000 after purchasing an additional 262,944 shares during the last quarter. Finally, Amalgamated Bank increased its position in CF Industries by 1.5% during the first quarter. Amalgamated Bank now owns 33,961 shares of the basic materials company’s stock worth $2,654,000 after purchasing an additional 495 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Ratings Changes

CF has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CF Industries in a research report on Tuesday, October 14th. Wells Fargo & Company boosted their price objective on shares of CF Industries from $101.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Zacks Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. UBS Group decreased their price objective on shares of CF Industries from $101.00 to $96.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, BNP Paribas downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, CF Industries currently has an average rating of “Hold” and an average price target of $97.54.

CF Industries Price Performance

Shares of CF stock opened at $83.33 on Monday. The company has a market capitalization of $13.50 billion, a PE ratio of 10.88 and a beta of 0.93. The firm has a fifty day simple moving average of $86.63 and a 200-day simple moving average of $88.30. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.02. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.30 earnings per share. Equities research 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 announced 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. The ex-dividend date is Friday, November 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. CF Industries’s dividend payout ratio is 26.11%.

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.