OMERS ADMINISTRATION Corp Acquires Shares of 36,070 CF Industries Holdings, Inc. $CF

OMERS ADMINISTRATION Corp acquired a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 36,070 shares of the basic materials company’s stock, valued at approximately $3,905,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of CF Industries in the second quarter worth about $1,410,607,000. Dimensional Fund Advisors LP boosted its stake in CF Industries by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after buying an additional 146,682 shares during the last quarter. Boston Partners grew its holdings in CF Industries by 15.3% during the 3rd quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock valued at $321,852,000 after buying an additional 476,769 shares in the last quarter. Invesco Ltd. grew its holdings in CF Industries by 12.0% during the 4th quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock valued at $276,123,000 after buying an additional 381,716 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in CF Industries by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,287,256 shares of the basic materials company’s stock worth $302,428,000 after acquiring an additional 11,792 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CF. BMO Capital Markets decreased their price objective on CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Scotiabank boosted their price target on shares of CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. BNP Paribas Exane reduced their price target on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $129.00 price target on shares of CF Industries in a research note on Friday, July 24th. Finally, Weiss Ratings lowered shares of CF Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus price target of $116.56.

CF Industries Trading Down 1.5%

Shares of CF stock opened at $127.30 on Wednesday. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32. The stock’s 50 day simple moving average is $116.87 and its two-hundred day simple moving average is $116.34. The company has a market cap of $19.27 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.26 and a beta of 0.39.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the firm posted $2.37 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. Research analysts predict that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current year.

CF Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 1.9%. CF Industries’s payout ratio is presently 17.79%.

CF Industries Company Profile

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.