Danske Bank A S Acquires New Holdings in CF Industries Holdings, Inc. $CF

Danske Bank A S purchased a new position in CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 289,844 shares of the basic materials company’s stock, valued at approximately $31,379,000. Danske Bank A S owned 0.19% of CF Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Himension Capital Singapore PTE. LTD. bought a new position in CF Industries in the first quarter valued at $25,000. Altshuler Shaham Ltd increased its stake in shares of CF Industries by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock worth $54,000 after buying an additional 112 shares during the period. Elevation Wealth Partners LLC raised its stake in shares of CF Industries by 39.6% during the second quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 122 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in CF Industries in the 2nd quarter worth approximately $44,000. Finally, Hantz Financial Services Inc. boosted its holdings in CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of NYSE:CF opened at $119.31 on Thursday. The stock has a market capitalization of $18.06 billion, a P/E ratio of 8.84, a PEG ratio of 0.23 and a beta of 0.39. The firm has a fifty day simple moving average of $115.20 and a two-hundred day simple moving average of $115.34. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the firm earned $2.37 EPS. The company’s revenue was up 17.6% on a year-over-year basis. On average, analysts expect that CF Industries Holdings, Inc. will post 13.85 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. CF Industries’s payout ratio is presently 17.79%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley decreased their target price on CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. Wall Street Zen lowered CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. BNP Paribas Exane dropped their target price on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a report on Monday, June 15th. BMO Capital Markets lowered their price objective on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Finally, HSBC cut their price target on CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $116.56.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.