Nisa Investment Advisors LLC boosted its position in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 625.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 389,249 shares of the basic materials company’s stock after acquiring an additional 335,602 shares during the period. Nisa Investment Advisors LLC’s holdings in CF Industries were worth $48,869,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CF. MassMutual Private Wealth & Trust FSB raised its position in shares of CF Industries by 20,006.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 150,194 shares of the basic materials company’s stock worth $19,025,000 after acquiring an additional 149,447 shares during the period. Vann Equity Management LLC boosted its stake in shares of CF Industries by 127.3% during the 3rd quarter. Vann Equity Management LLC now owns 8,797 shares of the basic materials company’s stock worth $1,071,000 after acquiring an additional 4,926 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of CF Industries by 2,298.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 97,462 shares of the basic materials company’s stock valued at $12,297,000 after acquiring an additional 93,399 shares during the period. Saudi Central Bank grew its position in shares of CF Industries by 86.8% during the 2nd quarter. Saudi Central Bank now owns 10,753 shares of the basic materials company’s stock valued at $1,164,000 after acquiring an additional 4,996 shares during the period. Finally, S&CO Inc. acquired a new stake in shares of CF Industries during the 2nd quarter valued at about $2,630,000. Institutional investors and hedge funds own 93.06% of the company’s stock.
CF Industries Price Performance
NYSE:CF opened at $117.92 on Wednesday. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The stock has a market cap of $17.85 billion, a PE ratio of 8.74, a P/E/G ratio of 0.23 and a beta of 0.53. The stock has a 50 day moving average price of $123.73 and a 200 day moving average price of $120.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86.
CF Industries (NYSE:CF – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.37 earnings per share. Equities research analysts expect that CF Industries Holdings, Inc. will post 13.90 EPS for the current fiscal year.
CF Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, November 16th. CF Industries’s dividend payout ratio is currently 17.79%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on CF shares. Freedom Broker cut CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 26th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $129.00 price objective on shares of CF Industries in a report on Friday, July 24th. UBS Group boosted their price objective on CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Wall Street Zen downgraded CF Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Morgan Stanley reduced their target price on CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, CF Industries has an average rating of “Hold” and a consensus price target of $121.11.
View Our Latest Research Report on CF
CF Industries Company Profile
CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.
The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.
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