Acadian Asset Management LLC Invests $19.52 Million in CF Industries Holdings, Inc. $CF

Acadian Asset Management LLC purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 212,218 shares of the basic materials company’s stock, valued at approximately $19,523,000. Acadian Asset Management LLC owned 0.13% of CF Industries as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in CF Industries by 8,352.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company’s stock worth $113,422,000 after purchasing an additional 1,434,168 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of CF Industries by 72.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock worth $159,061,000 after buying an additional 724,329 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of CF Industries during the second quarter worth approximately $63,104,000. AQR Capital Management LLC lifted its holdings in CF Industries by 113.1% in the first quarter. AQR Capital Management LLC now owns 928,701 shares of the basic materials company’s stock valued at $72,123,000 after buying an additional 492,846 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in CF Industries by 16.8% in the first quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company’s stock valued at $255,977,000 after buying an additional 470,746 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CF has been the subject of a number of recent analyst reports. Wall Street Zen upgraded CF Industries from a “hold” rating to a “buy” rating in a report on Saturday. BNP Paribas lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Wells Fargo & Company started coverage on shares of CF Industries in a research report on Tuesday. They issued an “overweight” rating and a $100.00 price target on the stock. Zacks Research lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Royal Bank Of Canada lowered their target price on shares of CF Industries from $100.00 to $95.00 and set a “sector perform” rating for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $96.38.

CF Industries Stock Performance

CF opened at $83.69 on Wednesday. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 10.92 and a beta of 0.89. The business’s 50-day moving average price is $86.17 and its two-hundred day moving average price is $88.67. 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.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the company earned $1.55 earnings per share. CF Industries’s quarterly revenue was up 21.1% on a year-over-year basis. Equities analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries’s dividend payout ratio is presently 24.10%.

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.