Amundi Grows Stock Holdings in CF Industries Holdings, Inc. $CF

Amundi raised its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 58.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,281,840 shares of the basic materials company’s stock after acquiring an additional 472,592 shares during the quarter. Amundi owned approximately 0.79% of CF Industries worth $117,099,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Trust Co. of Toledo NA OH purchased a new position in CF Industries during the 2nd quarter worth $26,000. Zions Bancorporation National Association UT acquired a new stake in shares of CF Industries in the 1st quarter valued at approximately $27,000. Allworth Financial LP boosted its position in shares of CF Industries by 123.0% during the 2nd quarter. Allworth Financial LP now owns 611 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 337 shares in the last quarter. Summit Securities Group LLC acquired a new position in CF Industries during the first quarter worth about $50,000. Finally, Geneos Wealth Management Inc. increased its stake in CF Industries by 141.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 463 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Stock Performance

NYSE:CF opened at $77.84 on Monday. The company has a market cap of $12.14 billion, a P/E ratio of 9.38 and a beta of 0.68. The firm’s 50 day moving average is $83.92 and its two-hundred day moving average is $88.23. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The company has a quick ratio of 1.99, a current ratio of 2.27 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the firm posted $1.55 EPS. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. Analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is 24.10%.

Analyst Ratings Changes

A number of brokerages have commented on CF. Weiss Ratings reiterated a “hold (c)” rating on shares of CF Industries in a report on Monday, December 1st. The Goldman Sachs Group reduced their target price on shares of CF Industries from $96.00 to $94.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. UBS Group lowered their price target on shares of CF Industries from $96.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $95.00 to $100.00 in a research report on Wednesday, August 13th. Finally, Bank of America raised their target price on shares of CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CF Industries has an average rating of “Hold” and an average target price of $93.88.

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.