Johnson Financial Group Inc. Invests $535,000 in CF Industries Holdings, Inc. $CF

Johnson Financial Group Inc. acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,943 shares of the basic materials company’s stock, valued at approximately $535,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Tocqueville Asset Management L.P. acquired a new stake in CF Industries during the second quarter worth approximately $431,000. NewEdge Wealth LLC acquired a new position in CF Industries in the 2nd quarter valued at $23,643,000. Empirical Asset Management LLC acquired a new position in CF Industries in the 2nd quarter valued at $683,000. Danske Bank A S purchased a new position in shares of CF Industries during the 2nd quarter worth $626,000. Finally, Oxbow Advisors LLC purchased a new position in shares of CF Industries during the 2nd quarter worth $4,942,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Trading Down 0.3%

CF stock opened at $119.31 on Thursday. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 0.23 and a beta of 0.39. The business has a fifty day simple moving average of $115.20 and a 200-day simple moving average of $115.34. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $2.45 billion. During the same quarter in the previous year, the business posted $2.37 EPS. CF Industries’s revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts expect that CF Industries Holdings, Inc. will post 13.85 EPS for the current year.

CF Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. This is an increase from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s dividend payout ratio is presently 17.79%.

Analysts Set New Price Targets

CF has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $129.00 price objective on shares of CF Industries in a research report on Friday, July 24th. BMO Capital Markets reduced their target price on CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Zacks Research lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Barclays lifted their price target on CF Industries from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $116.56.

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.