Bank of Montreal Can Has $25.62 Million Position in CF Industries Holdings, Inc. (NYSE:CF)

Bank of Montreal Can grew its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 10.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 338,510 shares of the basic materials company’s stock after buying an additional 32,557 shares during the quarter. Bank of Montreal Can owned 0.19% of CF Industries worth $25,615,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Councilmark Asset Management LLC bought a new position in shares of CF Industries during the first quarter valued at $1,251,000. Hsbc Holdings PLC lifted its holdings in CF Industries by 9.7% during the 4th quarter. Hsbc Holdings PLC now owns 458,297 shares of the basic materials company’s stock valued at $36,400,000 after purchasing an additional 40,396 shares during the last quarter. Quantbot Technologies LP bought a new stake in CF Industries during the first quarter worth about $610,000. Guidance Capital Inc. bought a new position in shares of CF Industries in the first quarter valued at approximately $863,000. Finally, Swedbank AB acquired a new position in shares of CF Industries in the 1st quarter worth approximately $19,824,000. 93.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CF. Royal Bank of Canada lifted their price objective on CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Wells Fargo & Company upped their price target on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $90.00 in a research report on Friday, August 16th. Scotiabank upped their target price on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Finally, Bank of America raised their price target on shares of CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $87.73.

CF Industries Stock Performance

CF stock opened at $85.66 on Friday. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $87.82. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $15.45 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 2.38 and a beta of 0.95. The business’s fifty day moving average is $79.02 and its 200-day moving average is $78.03.

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

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.50 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.00 annualized dividend and a yield of 2.33%. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

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.