Swedbank AB Purchases 23,144 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Swedbank AB grew its stake in CF Industries Holdings, Inc. (NYSE:CF) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,383 shares of the basic materials company’s stock after purchasing an additional 23,144 shares during the quarter. Swedbank AB owned approximately 0.14% of CF Industries worth $19,374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of CF Industries by 17.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock worth $3,724,000 after acquiring an additional 7,294 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in CF Industries by 20.7% in the 2nd quarter. V Square Quantitative Management LLC now owns 3,277 shares of the basic materials company’s stock valued at $243,000 after buying an additional 563 shares during the last quarter. Czech National Bank raised its holdings in CF Industries by 3.6% in the 2nd quarter. Czech National Bank now owns 34,831 shares of the basic materials company’s stock valued at $2,582,000 after buying an additional 1,215 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in CF Industries in the 2nd quarter valued at approximately $4,710,000. Finally, Symmetry Partners LLC raised its holdings in CF Industries by 16.8% in the 2nd quarter. Symmetry Partners LLC now owns 2,921 shares of the basic materials company’s stock valued at $217,000 after buying an additional 421 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Stock Up 1.5 %

CF Industries stock traded up $1.19 on Friday, hitting $80.97. 1,777,129 shares of the stock traded hands, compared to its average volume of 2,254,915. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The firm has a market cap of $14.80 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 2.44 and a beta of 0.95. The business’s fifty day simple moving average is $74.08 and its 200 day simple moving average is $77.57. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $87.90.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, beating the consensus estimate of $1.80 by $0.50. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted $2.70 earnings per share. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. As a group, sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.18 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.47%. CF Industries’s dividend payout ratio is currently 33.22%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CF. Bank of America raised their price objective on shares of CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Scotiabank boosted their price target on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday. Royal Bank of Canada boosted their target price on shares of CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday. UBS Group boosted their price target on shares of CF Industries from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Finally, Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $80.00 to $90.00 in a research note on Friday. One equities research 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 MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.45.

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.