CF Industries Holdings, Inc. (NYSE:CF) Shares Acquired by TD Asset Management Inc

TD Asset Management Inc raised its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 21.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,749 shares of the basic materials company's stock after buying an additional 32,274 shares during the quarter. TD Asset Management Inc owned about 0.11% of CF Industries worth $14,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. increased its stake in shares of CF Industries by 8,352.8% during the first quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company's stock valued at $113,422,000 after buying an additional 1,434,168 shares during the period. Bank of New York Mellon Corp raised its stake in shares of CF Industries by 72.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company's stock worth $178,053,000 after buying an additional 959,901 shares during the period. Ameriprise Financial Inc. increased its position in shares of CF Industries by 29.4% during the fourth quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company's stock worth $239,299,000 after purchasing an additional 637,784 shares in the last quarter. FMR LLC grew its holdings in CF Industries by 6.6% in the 4th quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock valued at $753,429,000 after buying an additional 543,876 shares in the last quarter. Finally, Talaria Asset Management Pty Ltd purchased a new stake in CF Industries in the 4th quarter valued at $28,156,000. 93.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Susan L. Menzel sold 10,000 shares of the company'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 completion of the transaction, the executive vice president directly owned 87,923 shares in the company, valued at $8,812,522.29. This represents a 10.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CF shares. Wells Fargo & Company upped their price target on CF Industries from $105.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. BNP Paribas upgraded shares of CF Industries to a "strong-buy" rating in a research note on Wednesday, April 9th. Scotiabank raised CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price objective for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. upgraded CF Industries from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $75.00 to $92.00 in a research report on Tuesday. Finally, Barclays lifted their price objective on CF Industries from $91.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Twelve research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $95.71.

CF Industries Stock Up 0.2%

CF Industries stock traded up $0.22 during midday trading on Thursday, hitting $92.86. 2,023,884 shares of the company were exchanged, compared to its average volume of 2,032,470. The company's fifty day moving average price is $94.07 and its 200-day moving average price is $85.77. The company has a market cap of $15.74 billion, a PE ratio of 12.23 and a beta of 0.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.59 and a quick ratio of 2.22. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45.

CF Industries (NYSE:CF - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.38. CF Industries had a return on equity of 17.39% and a net margin of 21.80%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company posted $1.03 EPS. CF Industries's quarterly revenue was up 13.1% on a year-over-year basis. On average, research analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries declared that its board has initiated a stock buyback program on Wednesday, May 7th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to buy up to 14.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 15th. CF Industries's dividend payout ratio is presently 26.35%.

CF Industries Profile

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.