State Street Corp Increases Holdings in CF Industries Holdings, Inc. $CF

State Street Corp increased its position in CF Industries Holdings, Inc. (NYSE:CF) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,982,072 shares of the basic materials company’s stock after acquiring an additional 165,833 shares during the period. State Street Corp owned approximately 4.93% of CF Industries worth $734,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CF. Trust Co. of Toledo NA OH purchased a new position in shares of CF Industries in the second quarter valued at $26,000. Zions Bancorporation National Association UT acquired a new stake in CF Industries in the 1st quarter valued at about $27,000. Summit Securities Group LLC purchased a new position in CF Industries during the 1st quarter valued at about $50,000. Allworth Financial LP increased its holdings in CF Industries by 123.0% during the 2nd quarter. Allworth Financial LP now owns 611 shares of the basic materials company’s stock valued at $56,000 after acquiring an additional 337 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in CF Industries by 141.6% during the first quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 463 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Up 3.4%

Shares of NYSE:CF opened at $78.69 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 9.48 and a beta of 0.68. The stock’s 50-day moving average price is $82.97 and its two-hundred day moving average price is $87.91. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $1.55 EPS. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. On average, research analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is 24.10%.

Wall Street Analyst Weigh In

CF has been the topic of several research reports. Royal Bank Of Canada lowered their price target on shares of CF Industries from $95.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Wednesday. BNP Paribas cut CF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Wells Fargo & Company assumed coverage on CF Industries in a research report on Tuesday, November 11th. They set an “overweight” rating and a $100.00 price target for the company. HSBC reduced their price objective on CF Industries from $95.00 to $91.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Finally, Wall Street Zen upgraded CF Industries from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average target price of $93.56.

CF Industries 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.