376,368 Shares in CF Industries Holdings, Inc. $CF Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management purchased 376,368 CF Industries shares worth approximately $40.7 million, giving it a 0.24% stake. Institutional investors collectively own 93.06% of the company.
• Analyst sentiment is mixed, with CF Industries carrying an overall “Hold” rating and an average price target of $116.56; targets range from $106 to $145.
• CF Industries reported quarterly earnings of $4.73 per share, below the $5.63 consensus estimate, while revenue rose 17.6% year over year to $2.22 billion. The company also increased its quarterly dividend from $0.50 to $0.60 per share.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 376,368 shares of the basic materials company's stock, valued at approximately $40,746,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.24% of CF Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of CF Industries by 3.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company's stock worth $306,000 after buying an additional 84 shares during the period. Eley Financial Management Inc grew its stake in shares of CF Industries by 0.6% during the 1st quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company's stock valued at $1,787,000 after acquiring an additional 87 shares during the period. Personal CFO Solutions LLC grew its stake in shares of CF Industries by 1.1% during the 1st quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company's stock valued at $1,062,000 after acquiring an additional 89 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of CF Industries by 6.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company's stock valued at $194,000 after acquiring an additional 97 shares during the period. Finally, Altshuler Shaham Ltd increased its holdings in CF Industries by 36.6% in the 1st quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company's stock worth $54,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 93.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Zacks Research downgraded shares of CF Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. The Goldman Sachs Group reduced their price objective on shares of CF Industries from $133.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, June 23rd. Barclays raised their price objective on shares of CF Industries from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, April 27th. Bank of America lifted their target price on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. Finally, Scotiabank upped their target price on shares of CF Industries from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $116.56.

CF Industries Price Performance

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

CF Industries (NYSE:CF - Get Free Report) last posted 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). The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The business's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.37 earnings per share. Analysts anticipate that CF Industries Holdings, Inc. will post 13.85 earnings per share for the current fiscal year.

CF Industries Increases Dividend

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

CF Industries Profile

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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