Ninety One UK Ltd Trims Stock Position in CF Industries Holdings, Inc. $CF

Ninety One UK Ltd lowered its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 30.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,056 shares of the basic materials company’s stock after selling 43,980 shares during the period. Ninety One UK Ltd’s holdings in CF Industries were worth $9,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc lifted its holdings in shares of CF Industries by 24.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 95,289 shares of the basic materials company’s stock worth $8,767,000 after acquiring an additional 18,666 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of CF Industries by 5.9% during the second quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock worth $25,442,000 after buying an additional 15,291 shares during the period. Swiss National Bank lifted its stake in CF Industries by 2.7% during the 2nd quarter. Swiss National Bank now owns 504,000 shares of the basic materials company’s stock worth $46,368,000 after acquiring an additional 13,200 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in CF Industries by 347.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 507,268 shares of the basic materials company’s stock valued at $45,502,000 after acquiring an additional 393,780 shares during the period. Finally, Foster & Motley Inc. boosted its holdings in CF Industries by 131.4% during the 2nd quarter. Foster & Motley Inc. now owns 32,829 shares of the basic materials company’s stock valued at $3,020,000 after acquiring an additional 18,640 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 0.5%

CF stock opened at $77.35 on Friday. The stock has a market cap of $12.07 billion, a P/E ratio of 9.32 and a beta of 0.69. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. The company’s 50 day moving average is $80.19 and its two-hundred day moving average is $86.39.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.06 by $0.13. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the business earned $1.55 EPS. CF Industries’s revenue for the quarter was up 21.1% compared to the same quarter last year. Research analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CF. Scotiabank raised their price objective on shares of CF Industries from $82.00 to $90.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of CF Industries in a research note on Monday. HSBC cut their price objective on CF Industries from $95.00 to $91.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Mizuho decreased their target price on CF Industries from $92.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Finally, CIBC assumed coverage on CF Industries in a report on Tuesday, December 2nd. They set a “neutral” rating and a $87.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $93.06.

CF Industries Profile

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.