Canada Pension Plan Investment Board Has $29.14 Million Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

by · The Markets Daily

Canada Pension Plan Investment Board lessened its stake in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 19.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 350,205 shares of the basic materials company’s stock after selling 84,569 shares during the quarter. Canada Pension Plan Investment Board’s holdings in CF Industries were worth $29,141,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in CF Industries in the 1st quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in CF Industries in the 4th quarter valued at approximately $29,000. Meeder Asset Management Inc. acquired a new position in CF Industries in the 4th quarter valued at approximately $36,000. ORG Partners LLC increased its stake in CF Industries by 62.2% in the 4th quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock valued at $48,000 after buying an additional 230 shares during the period. Finally, Mather Group LLC. acquired a new position in CF Industries in the 1st quarter valued at approximately $55,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Ratings Changes

CF has been the topic of several analyst reports. Royal Bank of Canada dropped their price target on shares of CF Industries from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Barclays dropped their price target on shares of CF Industries from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Wells Fargo & Company dropped their price target on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. UBS Group decreased their price objective on shares of CF Industries from $86.00 to $78.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Berenberg Bank upped their price objective on shares of CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $82.87.

Read Our Latest Stock Analysis on CF Industries

CF Industries Stock Performance

CF Industries stock traded up $1.53 during mid-day trading on Friday, reaching $75.04. The company had a trading volume of 1,668,587 shares, compared to its average volume of 1,715,166. The company has a 50 day moving average of $74.49 and a 200-day moving average of $77.54. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.36 and a beta of 0.95. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $87.90. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37.

CF Industries (NYSE:CF – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. CF Industries’s revenue was down 26.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.85 earnings per share. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 5.18 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Thursday, August 15th. CF Industries’s payout ratio is 33.22%.

CF Industries Company Profile

(Free Report)

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.

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