CF Industries Holdings, Inc. (NYSE:CF) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 6.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 31,203 shares of the basic materials company’s stock after purchasing an additional 1,769 shares during the period. CIBC Asset Management Inc’s holdings in CF Industries were worth $2,677,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in CF Industries by 15.1% during the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock worth $359,386,000 after purchasing an additional 549,569 shares in the last quarter. Boston Partners raised its stake in CF Industries by 37.5% during the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after acquiring an additional 835,557 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in CF Industries by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock worth $212,823,000 after acquiring an additional 198,246 shares in the last quarter. Earnest Partners LLC lifted its position in CF Industries by 2.8% in the second quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock valued at $162,584,000 after acquiring an additional 59,674 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in CF Industries by 5.1% in the second quarter. Sei Investments Co. now owns 1,422,493 shares of the basic materials company’s stock valued at $105,435,000 after acquiring an additional 68,834 shares in the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CF Industries

In other news, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the transaction, the executive vice president now directly owns 66,268 shares in the company, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the sale, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. This trade represents a 19.78 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CF. Mizuho increased their price objective on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research report on Wednesday, October 16th. Redburn Atlantic began coverage on shares of CF Industries in a report on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price for the company. UBS Group raised their price target on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, Scotiabank upped their price objective on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, CF Industries presently has a consensus rating of “Hold” and a consensus target price of $88.42.

CF Industries Trading Up 0.2 %

NYSE:CF opened at $87.54 on Wednesday. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $90.86. The business’s 50-day simple moving average is $84.53 and its 200 day simple moving average is $79.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts predict that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, November 15th. CF Industries’s dividend payout ratio is currently 31.65%.

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.