Shell Asset Management Co. Increases Stake in CF Industries Holdings, Inc. $CF

Shell Asset Management Co. lifted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 38.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,735 shares of the basic materials company’s stock after acquiring an additional 6,303 shares during the period. Shell Asset Management Co.’s holdings in CF Industries were worth $2,092,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of CF Industries by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 21,040,601 shares of the basic materials company’s stock worth $1,644,323,000 after acquiring an additional 319,343 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in CF Industries by 4.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock valued at $473,220,000 after buying an additional 262,944 shares during the period. Invesco Ltd. raised its holdings in CF Industries by 4.4% in the first quarter. Invesco Ltd. now owns 5,708,643 shares of the basic materials company’s stock valued at $446,130,000 after buying an additional 240,756 shares during the period. Boston Partners raised its holdings in CF Industries by 9.3% in the first quarter. Boston Partners now owns 3,623,708 shares of the basic materials company’s stock valued at $283,169,000 after buying an additional 307,092 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in CF Industries by 16.8% in the first quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company’s stock valued at $255,977,000 after buying an additional 470,746 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Stock Down 1.3%

Shares of NYSE:CF opened at $90.73 on Thursday. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 11.84 and a beta of 0.93. The company has a 50 day moving average of $87.08 and a two-hundred day moving average of $86.70.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the company earned $2.30 earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. CF Industries’s dividend payout ratio (DPR) is presently 26.11%.

Analyst Ratings Changes

Several research firms recently commented on CF. Wall Street Zen upgraded shares of CF Industries from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $95.00 to $100.00 in a report on Wednesday, August 13th. JPMorgan Chase & Co. upgraded shares of CF Industries from an “underweight” rating to a “neutral” rating and raised their price target for the company from $75.00 to $92.00 in a report on Tuesday, July 29th. Zacks Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Royal Bank Of Canada set a $100.00 price objective on shares of CF Industries and gave the company a “sector perform” rating in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.77.

CF Industries 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.