Cubist Systematic Strategies LLC Increases Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Cubist Systematic Strategies LLC lifted its position in CF Industries Holdings, Inc. (NYSE:CF) by 506.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,174 shares of the basic materials company’s stock after purchasing an additional 139,589 shares during the period. Cubist Systematic Strategies LLC’s holdings in CF Industries were worth $7,586,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Owl Creek Asset Management L.P. bought a new position in CF Industries in the first quarter worth approximately $24,124,000. Point72 Hong Kong Ltd acquired a new position in shares of CF Industries during the first quarter worth $679,000. MIK Capital LP acquired a new position in shares of CF Industries during the first quarter worth $5,863,000. Royal Bank of Canada increased its position in shares of CF Industries by 28.0% during the first quarter. Royal Bank of Canada now owns 139,258 shares of the basic materials company’s stock worth $6,319,000 after purchasing an additional 30,478 shares in the last quarter. Finally, Peddock Capital Advisors LLC increased its position in shares of CF Industries by 7.3% during the first quarter. Peddock Capital Advisors LLC now owns 14,033 shares of the basic materials company’s stock worth $637,000 after purchasing an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

In other CF Industries news, VP Bert A. Frost sold 32,450 shares of the firm’s stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $53.15, for a total value of $1,724,717.50. Following the completion of the transaction, the vice president now owns 98,296 shares of the company’s stock, valued at approximately $5,224,432.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO W Anthony Will sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $54.22, for a total transaction of $2,168,800.00. Following the completion of the transaction, the chief executive officer now directly owns 523,219 shares of the company’s stock, valued at approximately $28,368,934.18. The disclosure for this sale can be found here. Insiders have sold a total of 123,025 shares of company stock valued at $6,656,945 in the last 90 days. Insiders own 2.00% of the company’s stock.

A number of equities research analysts have recently weighed in on CF shares. Royal Bank of Canada boosted their price objective on shares of CF Industries from $52.00 to $57.00 and gave the company a “sector perform” rating in a report on Thursday, July 8th. Scotiabank raised shares of CF Industries from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, May 6th. JPMorgan Chase & Co. upped their price target on shares of CF Industries from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, May 13th. Zacks Investment Research lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a report on Monday, July 12th. Finally, Morgan Stanley upped their price target on shares of CF Industries from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Monday, May 10th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.33.

Shares of NYSE CF opened at $47.90 on Thursday. The business’s 50 day moving average price is $51.77. The firm has a market cap of $10.28 billion, a P/E ratio of 25.75, a P/E/G ratio of 1.91 and a beta of 1.27. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.67 and a quick ratio of 1.25. CF Industries Holdings, Inc. has a 1 year low of $25.30 and a 1 year high of $57.19.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, May 5th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.13. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.10 billion. CF Industries had a net margin of 9.52% and a return on equity of 7.17%. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 4.1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Monday, May 17th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.51%. CF Industries’s dividend payout ratio is currently 81.63%.

CF Industries Profile

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for clean energy, fertilizer, emissions abatement, and other industrial applications worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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