Handelsbanken Fonder AB Boosts Stake in CF Industries Holdings, Inc. $CF

Handelsbanken Fonder AB increased its stake in CF Industries Holdings, Inc. (NYSE:CF) by 18.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,700 shares of the basic materials company’s stock after purchasing an additional 6,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in CF Industries were worth $3,830,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in shares of CF Industries in the second quarter worth about $129,574,000. Worldquant Millennium Advisors LLC purchased a new stake in CF Industries in the 2nd quarter worth approximately $96,560,000. Arrowstreet Capital Limited Partnership raised its stake in CF Industries by 926.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,118,446 shares of the basic materials company’s stock worth $102,897,000 after acquiring an additional 1,009,455 shares during the period. LSV Asset Management lifted its holdings in CF Industries by 106.3% during the third quarter. LSV Asset Management now owns 1,053,802 shares of the basic materials company’s stock valued at $94,526,000 after purchasing an additional 543,070 shares in the last quarter. Finally, Amundi lifted its holdings in CF Industries by 58.4% during the second quarter. Amundi now owns 1,281,840 shares of the basic materials company’s stock valued at $117,099,000 after purchasing an additional 472,592 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Insider Activity at CF Industries

In related news, EVP Susan L. Menzel sold 3,215 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $97.00, for a total value of $311,855.00. Following the completion of the transaction, the executive vice president directly owned 87,861 shares of the company’s stock, valued at approximately $8,522,517. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CF. BNP Paribas Exane increased their price objective on shares of CF Industries from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Scotiabank increased their price target on CF Industries from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of CF Industries in a research report on Monday, December 29th. Rothschild & Co Redburn set a $72.00 price objective on CF Industries in a research note on Wednesday, February 4th. Finally, Mizuho set a $95.00 target price on CF Industries in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $95.53.

CF Industries Trading Up 4.8%

Shares of CF Industries stock opened at $104.28 on Tuesday. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $107.80. The company has a quick ratio of 2.93, a current ratio of 3.37 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $88.88 and a 200-day moving average price of $85.69. The firm has a market cap of $16.02 billion, a price-to-earnings ratio of 11.59 and a beta of 0.70.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.06. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.78 billion. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 earnings per share. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, February 13th. CF Industries’s dividend payout ratio is currently 22.22%.

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.