Axa S.A. Acquires New Stake in CF Industries Holdings, Inc. (NYSE:CF)

Axa S.A. acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 22,802 shares of the basic materials company’s stock, valued at approximately $1,690,000.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CF shares. UBS Group lifted their price target on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $80.00 to $90.00 in a research note on Friday, August 16th. Royal Bank of Canada raised their price objective on CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. BMO Capital Markets upped their target price on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Bank of America lifted their price target on shares of CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and an average target price of $87.73.

CF Industries Price Performance

Shares of NYSE:CF opened at $85.80 on Tuesday. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $87.82. The business has a fifty day simple moving average of $79.31 and a 200-day simple moving average of $77.95. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $15.68 billion, a P/E ratio of 14.25, a P/E/G ratio of 2.38 and a beta of 0.95.

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

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.33%. CF Industries’s payout ratio is currently 33.22%.

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.