Mirae Asset Global Investments Co. Ltd. Has $12.86 Million Stake in CF Industries Holdings, Inc. (NYSE:CF)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 150,175 shares of the basic materials company’s stock after purchasing an additional 3,975 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.08% of CF Industries worth $12,861,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Councilmark Asset Management LLC bought a new stake in shares of CF Industries in the 1st quarter valued at $1,251,000. Quantbot Technologies LP acquired a new stake in CF Industries during the 1st quarter worth about $610,000. Swedbank AB bought a new position in shares of CF Industries in the 1st quarter worth about $19,824,000. Envestnet Portfolio Solutions Inc. raised its position in shares of CF Industries by 17.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock worth $3,724,000 after acquiring an additional 7,294 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of CF Industries by 277.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,652 shares of the basic materials company’s stock valued at $1,718,000 after purchasing an additional 15,187 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Price Performance

CF stock opened at $83.19 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70. The business has a 50-day simple moving average of $83.10 and a two-hundred day simple moving average of $78.31. The company has a market capitalization of $15.21 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 2.49 and a beta of 0.95. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $90.86.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.50. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.52 billion. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. CF Industries’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.70 earnings per share. Research analysts expect that CF Industries Holdings, Inc. will post 5.84 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.40%. CF Industries’s dividend payout ratio is currently 33.22%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CF. BMO Capital Markets lifted their target price on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. UBS Group lifted their price objective on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Mizuho increased their target price on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their price target on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada increased their price objective on shares of CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus price target of $87.67.

Insider Activity at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the completion of the sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares in the company, valued at $5,964,120. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the transaction, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

CF Industries Company 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.