Acadian Asset Management LLC Invests $703,000 in CF Industries Holdings, Inc. (NYSE:CF)

Acadian Asset Management LLC bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, Holdings Channel reports. The institutional investor bought 9,499 shares of the basic materials company’s stock, valued at approximately $703,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new stake in shares of CF Industries during the first quarter worth $25,000. UMB Bank n.a. grew its holdings in CF Industries by 40.4% during the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 191 shares during the last quarter. Mather Group LLC. acquired a new stake in CF Industries in the 1st quarter valued at about $55,000. nVerses Capital LLC increased its holdings in shares of CF Industries by 250.0% in the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 500 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in CF Industries by 28.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 167 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CF. Wells Fargo & Company lowered their target price on CF Industries from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Bank of America boosted their price objective on CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. UBS Group raised their target price on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. BMO Capital Markets boosted their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Scotiabank raised their price objective on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and an average price target of $86.91.

CF Industries Price Performance

Shares of CF stock opened at $81.47 on Wednesday. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $87.90. The firm has a fifty day moving average of $76.85 and a 200-day moving average of $77.91. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.95.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.50. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.52 billion. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The company’s revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.70 earnings per share. On average, equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.00 annualized dividend and a yield of 2.45%. CF Industries’s dividend payout ratio (DPR) is currently 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.