Sumitomo Mitsui DS Asset Management Company Ltd Has $2.37 Million Stake in CF Industries Holdings, Inc. $CF

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,745 shares of the basic materials company’s stock after buying an additional 380 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CF Industries were worth $2,369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CF. Pacer Advisors Inc. raised 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 worth $113,422,000 after buying an additional 1,434,168 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of CF Industries by 72.8% during the first 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 last quarter. AQR Capital Management LLC raised its stake in shares of CF Industries by 113.1% during the first quarter. AQR Capital Management LLC now owns 928,701 shares of the basic materials company’s stock worth $72,123,000 after buying an additional 492,846 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of CF Industries by 16.8% during the first quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company’s stock worth $255,977,000 after buying an additional 470,746 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of CF Industries during the first quarter worth approximately $34,179,000. 93.06% of the stock is owned by institutional investors.

CF Industries Stock Performance

NYSE CF opened at $85.03 on Monday. The firm has a 50-day moving average of $88.01 and a 200-day moving average of $85.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. The stock has a market cap of $13.77 billion, a PE ratio of 11.10 and a beta of 0.95. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company posted $2.30 EPS. CF Industries’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 15th. CF Industries’s dividend payout ratio (DPR) is currently 26.11%.

Wall Street Analysts Forecast Growth

CF has been the subject of a number of recent research reports. Wolfe Research downgraded shares of CF Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 12th. Morgan Stanley set a $95.00 target price on shares of CF Industries and gave the company an “equal weight” rating in a research note on Thursday, June 26th. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $95.00 to $100.00 in a research note on Wednesday, August 13th. Zacks Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, UBS Group lowered their target price on shares of CF Industries from $103.00 to $101.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and a consensus target price of $95.00.

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.