Meeder Asset Management Inc. Takes $6.33 Million Position in CF Industries Holdings, Inc. $CF

Key Points

• Meeder Asset Management acquired 58,492 shares of CF Industries during the second quarter, establishing a position valued at approximately $6.33 million. Institutional investors collectively own 93.06% of the company.
• Analyst sentiment is mixed, with CF Industries carrying a consensus “Hold” rating and an average price target of $116.56; several firms recently lowered their targets.
• CF Industries reported quarterly earnings and revenue below expectations, despite 17.6% year-over-year revenue growth. The company increased its quarterly dividend to $0.60 per share, implying a 2.0% annual yield.

Meeder Asset Management Inc. acquired a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 58,492 shares of the basic materials company's stock, valued at approximately $6,332,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of CF Industries during the second quarter worth $1,410,607,000. Dimensional Fund Advisors LP lifted its holdings in shares of CF Industries by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company's stock valued at $579,062,000 after purchasing an additional 146,682 shares during the last quarter. Boston Partners boosted its position in shares of CF Industries by 15.3% in the 3rd quarter. Boston Partners now owns 3,587,999 shares of the basic materials company's stock worth $321,852,000 after purchasing an additional 476,769 shares in the last quarter. Invesco Ltd. boosted its position in shares of CF Industries by 12.0% in the 4th quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company's stock worth $276,123,000 after purchasing an additional 381,716 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of CF Industries by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,287,256 shares of the basic materials company's stock worth $302,428,000 after purchasing an additional 11,792 shares in the last quarter. Institutional investors own 93.06% of the company's stock.

Get CF Industries SMS alerts:

Sign Up

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of CF Industries in a research report on Monday, June 29th. Royal Bank Of Canada lowered their price target on CF Industries from $125.00 to $115.00 and set a "sector perform" rating for the company in a report on Friday, July 17th. Canadian Imperial Bank of Commerce restated a "neutral" rating and set a $129.00 price target on shares of CF Industries in a research note on Friday, July 24th. BNP Paribas Exane cut their price objective on shares of CF Industries from $140.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, June 15th. Finally, Wall Street Zen lowered shares of CF Industries from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $116.56.

CF Industries Trading Down 0.5%

Shares of NYSE:CF opened at $117.75 on Tuesday. 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 Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96. The stock has a market cap of $17.82 billion, a price-to-earnings ratio of 8.73 and a beta of 0.39. The business has a 50-day moving average price of $114.77 and a 200-day moving average price of $114.98.

CF Industries (NYSE:CF - Get Free Report) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS 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 analysts' expectations of $2.45 billion. During the same quarter in the prior year, the company earned $2.37 EPS. CF Industries's quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts predict that CF Industries Holdings, Inc. will post 13.85 EPS for the current year.

CF Industries Increases Dividend

The firm 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. This represents a $2.40 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 14th. This is a positive change from CF Industries's previous quarterly dividend of $0.50. CF Industries's dividend payout ratio (DPR) is presently 17.79%.

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.

Want to see what other hedge funds are holding CF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CF Industries Holdings, Inc. (NYSE:CF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source