CF Industries Holdings, Inc. $CF Stock Acquired by CX Institutional

CX Institutional boosted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 88.0% during the 3rd quarter, Holdings Channel reports. The fund owned 79,982 shares of the basic materials company’s stock after buying an additional 37,437 shares during the period. CX Institutional’s holdings in CF Industries were worth $9,494,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of CF Industries in the 2nd quarter worth $1,410,607,000. Norges Bank acquired a new position in CF Industries during the 4th quarter valued at about $193,657,000. Bank of New York Mellon Corp purchased a new stake in CF Industries in the second quarter valued at about $198,857,000. Bank of America Corp DE purchased a new stake in CF Industries in the second quarter valued at about $186,353,000. Finally, Deutsche Bank AG acquired a new stake in CF Industries in the second quarter worth about $157,850,000. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

CF stock traded up $0.50 during trading on Friday, hitting $115.04. 1,887,497 shares of the company traded hands, compared to its average volume of 3,290,165. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96. The company has a market cap of $17.41 billion, a PE ratio of 8.53, a P/E/G ratio of 0.22 and a beta of 0.53. The stock’s 50-day simple moving average is $124.80 and its 200 day simple moving average is $121.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.CF Industries’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.37 EPS. On average, equities analysts expect that CF Industries Holdings, Inc. will post 13.9 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. CF Industries’s dividend payout ratio is presently 17.79%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BNP Paribas Exane cut their price target on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a report on Monday, June 15th. Weiss Ratings upgraded shares of CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 16th. KeyCorp initiated coverage on shares of CF Industries in a research note on Thursday, September 10th. They issued an “underweight” rating and a $115.00 price objective on the stock. The Goldman Sachs Group reduced their target price on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, June 23rd. Finally, Wall Street Zen downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus target price of $121.11.

CF Industries Profile

CF Industries Holdings, Inc (NYSE: CF) is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.