Wedge Capital Management L L P NC Has $11.41 Million Stock Holdings in CF Industries Holdings, Inc. $CF

Wedge Capital Management L L P NC raised its stake in CF Industries Holdings, Inc. (NYSE:CF) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,168 shares of the basic materials company’s stock after purchasing an additional 13,721 shares during the period. Wedge Capital Management L L P NC owned 0.08% of CF Industries worth $11,407,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Ensign Peak Advisors Inc grew its position in CF Industries by 24.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 95,289 shares of the basic materials company’s stock valued at $8,767,000 after purchasing an additional 18,666 shares during the period. Talaria Asset Management Pty Ltd grew its holdings in shares of CF Industries by 77.0% during the first quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock valued at $45,640,000 after buying an additional 254,000 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of CF Industries by 5.9% during the second quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock worth $25,442,000 after acquiring an additional 15,291 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of CF Industries in the 1st quarter worth about $849,000. Finally, Swiss National Bank lifted its position in CF Industries by 2.7% in the 2nd quarter. Swiss National Bank now owns 504,000 shares of the basic materials company’s stock valued at $46,368,000 after acquiring an additional 13,200 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CF shares. Rothschild & Co Redburn raised their target price on CF Industries from $78.00 to $86.00 in a report on Monday, November 10th. BNP Paribas Exane lowered their price target on CF Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Mizuho cut their price objective on shares of CF Industries from $92.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday. Royal Bank Of Canada reduced their target price on shares of CF Industries from $95.00 to $90.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 10th. Finally, Scotiabank raised their price target on shares of CF Industries from $82.00 to $90.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $93.06.

CF Industries Price Performance

Shares of NYSE:CF opened at $78.65 on Monday. The company has a market capitalization of $12.27 billion, a P/E ratio of 9.48 and a beta of 0.68. The company’s 50-day moving average is $81.58 and its 200 day moving average is $87.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.06 by $0.13. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.00 annualized dividend and a yield of 2.5%. CF Industries’s dividend payout ratio is 24.10%.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.