UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,747,078 shares of the basic materials company’s stock after buying an additional 32,293 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CF Industries were worth $189,139,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Himension Capital Singapore PTE. LTD. purchased a new stake in CF Industries in the 1st quarter worth about $25,000. Virtus Advisers LLC acquired a new stake in CF Industries during the 2nd quarter worth about $25,000. Keating Financial Advisory Services Inc. purchased a new position in CF Industries during the 2nd quarter valued at about $29,000. Hantz Financial Services Inc. grew its stake in CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 156 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of CF Industries in the 2nd quarter valued at about $44,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on CF. Scotiabank increased their price target on shares of CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Bank of America upped their price objective on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $129.00 target price on shares of CF Industries in a research report on Friday, July 24th. Freedom Broker lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Finally, Zacks Research cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, CF Industries presently has a consensus rating of “Hold” and a consensus price target of $116.56.
CF Industries Stock Up 4.1%
CF opened at $135.40 on Wednesday. The company has a market capitalization of $20.49 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 0.26 and a beta of 0.40. 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 Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The business has a 50-day moving average of $119.37 and a 200-day moving average of $117.54.
CF Industries (NYSE:CF – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the previous year, the firm posted $2.37 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts forecast that CF Industries Holdings, Inc. will post 13.7 EPS for the current fiscal year.
CF Industries Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, August 14th. CF Industries’s dividend payout ratio is presently 17.79%.
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.
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