International Assets Investment Management LLC Buys New Stake in CF Industries Holdings, Inc. (NYSE:CF)

International Assets Investment Management LLC purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,925 shares of the basic materials company’s stock, valued at approximately $9,480,000.

Several other institutional investors and hedge funds have also made changes to their positions in CF. Nordea Investment Management AB lifted its position in CF Industries by 9.5% in the third quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company’s stock valued at $1,635,000 after acquiring an additional 1,636 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of CF Industries by 926.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company’s stock valued at $15,751,000 after purchasing an additional 165,808 shares during the period. Comerica Bank grew its stake in CF Industries by 133.8% during the 3rd quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock worth $4,677,000 after buying an additional 31,215 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new position in CF Industries during the fourth quarter worth approximately $1,627,000. Finally, Raymond James & Associates lifted its stake in CF Industries by 25.4% in the fourth quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock valued at $10,608,000 after buying an additional 27,027 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Up 0.6 %

Shares of NYSE CF opened at $74.51 on Tuesday. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. CF Industries Holdings, Inc. has a 52 week low of $60.08 and a 52 week high of $87.90. The firm has a 50-day moving average price of $81.34 and a 200 day moving average price of $79.20. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business posted $2.85 earnings per share. CF Industries’s revenue was down 26.9% on a year-over-year basis. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.86 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s dividend payout ratio is currently 33.22%.

Insider Transactions at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the sale, the executive vice president now owns 64,030 shares of the company’s stock, valued at $5,442,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group cut shares of CF Industries from a “buy” rating to a “neutral” rating and cut their target price for the company from $95.00 to $83.00 in a report on Wednesday, January 31st. Scotiabank reduced their target price on shares of CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Monday. Berenberg Bank raised their price target on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Wells Fargo & Company reduced their price objective on CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of CF Industries in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $85.44.

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.