Mercer Global Advisors Inc. ADV Raises Stake in CF Industries Holdings, Inc. (NYSE:CF)

Mercer Global Advisors Inc. ADV lifted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,972 shares of the basic materials company’s stock after acquiring an additional 312 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in CF Industries were worth $961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CF. Corient Private Wealth LLC grew its position in CF Industries by 5.0% in the fourth quarter. Corient Private Wealth LLC now owns 16,156 shares of the basic materials company’s stock worth $1,284,000 after acquiring an additional 765 shares during the period. Assetmark Inc. grew its holdings in shares of CF Industries by 75.7% during the 4th quarter. Assetmark Inc. now owns 1,833 shares of the basic materials company’s stock worth $146,000 after purchasing an additional 790 shares during the period. US Bancorp DE increased its position in shares of CF Industries by 1.7% during the 4th quarter. US Bancorp DE now owns 11,396 shares of the basic materials company’s stock worth $906,000 after purchasing an additional 188 shares during the last quarter. Commerce Bank raised its holdings in CF Industries by 27.2% in the 4th quarter. Commerce Bank now owns 14,390 shares of the basic materials company’s stock valued at $1,144,000 after buying an additional 3,079 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in CF Industries by 11.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 93,401 shares of the basic materials company’s stock valued at $7,425,000 after buying an additional 9,387 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

CF has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Wells Fargo & Company upped their price target on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday. UBS Group lifted their price objective on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $80.00 to $90.00 in a research note on Friday, August 16th. Finally, Royal Bank of Canada lifted their target price on CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $87.73.

CF Industries Stock Performance

Shares of CF opened at $83.84 on Thursday. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $87.90. The stock has a market capitalization of $15.13 billion, a PE ratio of 13.93, a PEG ratio of 2.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70. The stock has a 50-day simple moving average of $78.49 and a 200-day simple moving average of $77.98.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the firm earned $2.70 earnings per share. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. On average, analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.39%. The ex-dividend date was Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

CF Industries Company 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.