UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 1.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,747,078 shares of the basic materials company's stock after purchasing an additional 32,293 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.15% of CF Industries worth $189,139,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Himension Capital Singapore PTE. LTD. acquired a new position in shares of CF Industries during the 1st quarter valued at $25,000. Virtus Advisers LLC acquired a new stake in shares of CF Industries in the second quarter valued at $25,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of CF Industries in the second quarter valued at $29,000. Hantz Financial Services Inc. boosted its stake in CF Industries by 46.3% during the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company's stock valued at $38,000 after buying an additional 156 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in CF Industries during the second quarter valued at about $44,000. 93.06% of the stock is owned by institutional investors.
CF Industries Trading Up 4.1%
Shares of NYSE CF opened at $135.40 on Wednesday. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a market cap of $20.49 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 0.26 and a beta of 0.40. 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 business has a fifty day simple moving average of $119.37 and a 200-day simple moving average of $117.54.
CF Industries (NYSE:CF - Get Free Report) last issued its quarterly 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 company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The company's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.37 EPS. Sell-side analysts predict that CF Industries Holdings, Inc. will post 13.7 EPS for the current year.
CF Industries Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. This is an increase from CF Industries's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, August 14th. CF Industries's payout ratio is 17.79%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of CF Industries from $94.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Freedom Broker lowered shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 26th. The Goldman Sachs Group lowered their price objective on shares of CF Industries from $133.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 23rd. Royal Bank Of Canada dropped their target price on shares of CF Industries from $125.00 to $115.00 and set a "sector perform" rating on the stock in a report on Friday, July 17th. Finally, UBS Group increased their target price on shares of CF Industries from $115.00 to $123.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $116.56.
View Our Latest Report on CF
About CF Industries
(
Free Report)
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.
Further Reading
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