BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 48,017 Shares of CF Industries Holdings, Inc. (NYSE:CF)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 87.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,833 shares of the basic materials company’s stock after acquiring an additional 48,017 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.06% of CF Industries worth $7,622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Concurrent Investment Advisors LLC lifted its holdings in shares of CF Industries by 4.5% in the first quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock valued at $269,000 after purchasing an additional 140 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in CF Industries by 4.8% during the 1st quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 141 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in CF Industries by 8.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 146 shares during the last quarter. SYSTM Wealth Solutions LLC grew its stake in shares of CF Industries by 24.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 153 shares in the last quarter. Finally, Czech National Bank raised its holdings in shares of CF Industries by 0.5% in the first quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock valued at $2,797,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CF. Piper Sandler reduced their price objective on shares of CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a research report on Tuesday, May 7th. BMO Capital Markets upped their target price on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Wells Fargo & Company decreased their price target on CF Industries from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Scotiabank upped their price objective on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Finally, Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $80.00 to $90.00 in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $86.91.

CF Industries Price Performance

NYSE CF opened at $83.09 on Friday. The company has a market cap of $15.19 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.44 and a beta of 0.95. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. The firm’s 50-day simple moving average is $75.47 and its two-hundred day simple moving average is $77.90. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $87.90.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company earned $2.70 earnings per share. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. Research analysts predict that CF Industries Holdings, Inc. will post 5.18 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

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.