Mitsubishi UFJ Asset Management Co. Ltd. Has $20 Million Stake in CF Industries Holdings, Inc. (NYSE:CF)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 16.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 240,384 shares of the basic materials company’s stock after acquiring an additional 33,571 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in CF Industries were worth $20,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CF. Concurrent Investment Advisors LLC lifted its stake in CF Industries by 4.5% in the 1st 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 during the last quarter. Bleakley Financial Group LLC raised its stake in shares of CF Industries by 4.8% during the first 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 during the last quarter. SYSTM Wealth Solutions LLC raised its stake in shares of CF Industries by 24.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 153 shares during the last quarter. Czech National Bank raised its stake in shares of CF Industries by 0.5% during the first quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock valued at $2,797,000 after acquiring an additional 153 shares during the last quarter. Finally, Wahed Invest LLC raised its stake in shares of CF Industries by 4.9% during the fourth quarter. Wahed Invest LLC now owns 3,281 shares of the basic materials company’s stock valued at $261,000 after acquiring an additional 154 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group dropped their price target on shares of CF Industries from $86.00 to $78.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Berenberg Bank raised their price target on shares of CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. BMO Capital Markets decreased their price objective on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Finally, Piper Sandler decreased 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. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $83.19.

CF Industries Stock Performance

CF stock traded down $0.88 during mid-day trading on Friday, hitting $71.53. The company had a trading volume of 281,566 shares, compared to its average volume of 2,328,223. The firm has a market cap of $13.07 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 2.34 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $87.90. The stock’s fifty day moving average price is $74.83 and its two-hundred day moving average price is $77.90.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.44). The company had revenue of $1.47 billion during 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%. The business’s revenue was down 26.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 EPS. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.19 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a $0.50 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.80%. CF Industries’s payout ratio is 33.22%.

About CF Industries

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.