CF Industries Holdings, Inc. $CF Stock: Ninety One UK Ltd Boosts Position

Key Points

• Ninety One UK Ltd increased its CF Industries stake by 2% in the third quarter, owning 584,662 shares valued at approximately $68.4 million. Several other institutional investors also expanded their positions, and institutions collectively own 93.06% of the stock.
• Analyst sentiment remains mixed, with CF Industries receiving a consensus “Hold” rating and an average price target of $121.11. The stock recently traded near $119.33.
• CF Industries reported quarterly earnings of $4.73 per share, below the $5.63 consensus estimate, although revenue rose 17.6% year over year to $2.22 billion. The company declared a quarterly dividend of $0.60 per share, representing a 2.0% annualized yield.

Ninety One UK Ltd lifted its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 584,662 shares of the basic materials company's stock after acquiring an additional 11,377 shares during the period. Ninety One UK Ltd owned 0.39% of CF Industries worth $68,376,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of CF Industries by 20,006.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 150,194 shares of the basic materials company's stock valued at $19,025,000 after buying an additional 149,447 shares in the last quarter. Vann Equity Management LLC grew its position in shares of CF Industries by 127.3% in the 3rd quarter. Vann Equity Management LLC now owns 8,797 shares of the basic materials company's stock worth $1,071,000 after buying an additional 4,926 shares during the period. Farther Finance Advisors LLC grew its position in shares of CF Industries by 2,298.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 97,462 shares of the basic materials company's stock worth $12,297,000 after buying an additional 93,399 shares during the period. Saudi Central Bank increased its stake in shares of CF Industries by 86.8% in the 2nd quarter. Saudi Central Bank now owns 10,753 shares of the basic materials company's stock worth $1,164,000 after acquiring an additional 4,996 shares in the last quarter. Finally, Teamwork Financial Advisors LLC bought a new position in shares of CF Industries in the 2nd quarter worth about $10,108,000. Institutional investors own 93.06% of the company's stock.

Wall Street Analyst Weigh In

CF has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce reissued a "neutral" rating and set a $129.00 price target on shares of CF Industries in a research report on Friday, July 24th. Weiss Ratings upgraded shares of CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, September 16th. Morgan Stanley cut their price objective on shares of CF Industries from $135.00 to $115.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 7th. KeyCorp started coverage on shares of CF Industries in a research note on Thursday, September 10th. They set an "underweight" rating and a $115.00 target price for the company. Finally, UBS Group lifted their target price on shares of CF Industries from $115.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, CF Industries has an average rating of "Hold" and a consensus price target of $121.11.

CF Industries Stock Down 0.1%

CF Industries stock traded down $0.13 during mid-day trading on Thursday, hitting $119.33. The company had a trading volume of 1,566,964 shares, compared to its average volume of 3,260,683. 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 capitalization of $18.06 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.23 and a beta of 0.53. The stock's 50 day moving average price is $123.60 and its two-hundred day moving average price is $120.42. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36.

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 the consensus estimate of $5.63 by ($0.90). The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. CF Industries's revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.37 earnings per share. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 13.90 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be paid a $0.60 dividend. The ex-dividend date is Monday, November 16th. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. CF Industries's payout ratio is presently 17.79%.

About CF Industries

CF Industries Holdings, Inc NYSE: CF is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.

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