Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 331,407 shares of the basic materials company's stock after buying an additional 39,206 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of CF Industries worth $25,899,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Cerity Partners LLC grew its holdings in shares of CF Industries by 30.5% in the fourth quarter. Cerity Partners LLC now owns 13,119 shares of the basic materials company's stock valued at $1,123,000 after purchasing an additional 3,068 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of CF Industries in the fourth quarter valued at about $14,883,000. Treasurer of the State of North Carolina grew its holdings in shares of CF Industries by 5.1% in the fourth quarter. Treasurer of the State of North Carolina now owns 109,693 shares of the basic materials company's stock valued at $9,359,000 after purchasing an additional 5,333 shares during the period. Sterling Capital Management LLC grew its holdings in shares of CF Industries by 30.9% in the fourth quarter. Sterling Capital Management LLC now owns 14,162 shares of the basic materials company's stock valued at $1,208,000 after purchasing an additional 3,345 shares during the period. Finally, Cohen & Steers Inc. grew its holdings in shares of CF Industries by 53.9% in the fourth quarter. Cohen & Steers Inc. now owns 161,825 shares of the basic materials company's stock valued at $13,807,000 after purchasing an additional 56,680 shares during the period. Hedge funds and other institutional investors own 93.06% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on CF shares. Oppenheimer lowered shares of CF Industries from an "outperform" rating to a "market perform" rating in a report on Tuesday, April 22nd. Royal Bank Of Canada set a $100.00 target price on shares of CF Industries and gave the stock a "sector perform" rating in a research note on Monday, July 14th. Wells Fargo & Company lowered their target price on shares of CF Industries from $108.00 to $101.00 and set an "overweight" rating for the company in a research note on Monday. Wall Street Zen lowered shares of CF Industries from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Morgan Stanley set a $95.00 target price on shares of CF Industries and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Thirteen equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CF Industries has a consensus rating of "Hold" and a consensus price target of $94.77.
Get Our Latest Stock Report on CF Industries
Insider Activity at CF Industries
In related news, EVP Susan L. Menzel sold 10,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the transaction, the executive vice president directly owned 87,923 shares in the company, valued at $8,812,522.29. This trade represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.71% of the company's stock.
CF Industries Price Performance
CF stock traded up $0.20 during trading on Tuesday, hitting $82.83. The stock had a trading volume of 3,519,988 shares, compared to its average volume of 2,639,376. The company's 50 day moving average price is $93.48 and its two-hundred day moving average price is $85.29. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $104.45. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of 10.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22.
CF Industries (NYSE:CF - Get Free Report) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $2.30 EPS. The firm's revenue for the quarter was up 20.2% on a year-over-year basis. On average, sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.
CF Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, August 15th. CF Industries's dividend payout ratio is 26.11%.
CF Industries declared that its board has initiated a share repurchase program on Wednesday, May 7th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the basic materials company to repurchase up to 14.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
About CF Industries
(
Free Report)
CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.
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