US Bancorp DE Purchases 589 Shares of CF Industries Holdings, Inc. $CF

US Bancorp DE grew its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,198 shares of the basic materials company’s stock after purchasing an additional 589 shares during the quarter. US Bancorp DE’s holdings in CF Industries were worth $1,030,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CF. Vanguard Group Inc. increased its stake in shares of CF Industries by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 21,040,601 shares of the basic materials company’s stock valued at $1,644,323,000 after acquiring an additional 319,343 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of CF Industries by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock valued at $473,220,000 after acquiring an additional 262,944 shares in the last quarter. Invesco Ltd. increased its stake in shares of CF Industries by 4.4% in the 1st quarter. Invesco Ltd. now owns 5,708,643 shares of the basic materials company’s stock valued at $446,130,000 after acquiring an additional 240,756 shares in the last quarter. Boston Partners increased its stake in shares of CF Industries by 9.3% in the 1st quarter. Boston Partners now owns 3,623,708 shares of the basic materials company’s stock valued at $283,169,000 after acquiring an additional 307,092 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of CF Industries by 16.8% in the 1st quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company’s stock valued at $255,977,000 after acquiring an additional 470,746 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

NYSE CF opened at $83.59 on Friday. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 10.91 and a beta of 0.93. The company has a fifty day moving average price of $86.64 and a 200-day moving average price of $87.13.

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 the consensus estimate of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business posted $2.30 EPS. The business’s revenue was up 20.2% compared to the same quarter last year. As a group, equities research analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries’s payout ratio is 26.11%.

Analyst Upgrades and Downgrades

CF has been the subject of several research analyst reports. Royal Bank Of Canada set a $100.00 price objective on shares of CF Industries and gave the company a “sector perform” rating in a research note on Monday, July 14th. Scotiabank reiterated a “sector perform” rating and issued a $82.00 price objective (up previously from $81.00) on shares of CF Industries in a research note on Monday, August 11th. Wells Fargo & Company lifted their price objective on shares of CF Industries from $101.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday. HSBC lowered their price objective on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Finally, Morgan Stanley set a $95.00 price target on shares of CF Industries and gave the company an “equal weight” rating in a research report on Thursday, June 26th. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, CF Industries has an average rating of “Hold” and a consensus price target of $96.92.

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.