United Services Automobile Association Takes Position in CF Industries Holdings, Inc. $CF

United Services Automobile Association purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,451 shares of the basic materials company’s stock, valued at approximately $344,000.

A number of other hedge funds have also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of CF Industries by 110.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,225 shares of the basic materials company’s stock valued at $955,000 after buying an additional 6,420 shares during the period. Ashton Thomas Private Wealth LLC lifted its stake in shares of CF Industries by 38.9% in the first quarter. Ashton Thomas Private Wealth LLC now owns 12,392 shares of the basic materials company’s stock worth $968,000 after acquiring an additional 3,471 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of CF Industries by 161.1% in the first quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company’s stock worth $928,000 after acquiring an additional 7,324 shares during the period. UniSuper Management Pty Ltd lifted its stake in shares of CF Industries by 5.4% in the first quarter. UniSuper Management Pty Ltd now owns 26,214 shares of the basic materials company’s stock worth $2,049,000 after acquiring an additional 1,332 shares during the period. Finally, Petrus Trust Company LTA lifted its stake in shares of CF Industries by 109.8% in the first quarter. Petrus Trust Company LTA now owns 5,161 shares of the basic materials company’s stock worth $403,000 after acquiring an additional 2,701 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Price Performance

Shares of CF opened at $86.15 on Friday. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. The business’s 50 day moving average price is $89.40 and its two-hundred day moving average price is $85.28. The firm has a market cap of $13.95 billion, a PE ratio of 11.25 and a beta of 0.95.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.02. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $2.30 earnings per share. The company’s revenue was up 20.2% compared to the same quarter last year. On average, equities analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 15th. CF Industries’s dividend payout ratio (DPR) is 26.11%.

Insider Buying and Selling

In other news, EVP Susan L. Menzel sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the transaction, the executive vice president directly owned 87,923 shares of the company’s stock, valued at $8,812,522.29. This represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

CF has been the topic of a number of recent analyst reports. UBS Group cut their price objective on CF Industries from $103.00 to $101.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $95.00 to $100.00 in a research note on Wednesday, August 13th. Wells Fargo & Company cut their price objective on CF Industries from $108.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, August 11th. Morgan Stanley set a $95.00 price objective on CF Industries and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. Finally, Zacks Research lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $95.00.

CF Industries Company 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.