Rakuten Investment Management Inc. Acquires New Position in CF Industries Holdings, Inc. $CF

Rakuten Investment Management Inc. acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,386 shares of the basic materials company’s stock, valued at approximately $1,918,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of CF Industries by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company’s stock valued at $1,368,000 after purchasing an additional 518 shares during the period. Jones Financial Companies Lllp increased its holdings in 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 valued at $928,000 after purchasing an additional 7,324 shares during the last quarter. Woodline Partners LP lifted its stake in CF Industries by 40.7% in the first quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company’s stock valued at $1,149,000 after buying an additional 4,252 shares during the period. Focus Partners Wealth lifted its stake in CF Industries by 21.8% in the first quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company’s stock valued at $278,000 after buying an additional 638 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings 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 buying an additional 463 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 3.5%

CF Industries stock opened at $92.37 on Friday. The company has a 50 day moving average of $80.29 and a 200-day moving average of $85.16. The company has a quick ratio of 1.99, a current ratio of 2.27 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. The stock has a market capitalization of $14.41 billion, a PE ratio of 11.13 and a beta of 0.69.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.13. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the business posted $1.55 earnings per share. On average, equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CF Industries in a research note on Monday, December 29th. HSBC decreased their price objective on shares of CF Industries from $95.00 to $91.00 and set a “hold” rating for the company in a report on Monday, November 24th. Bank of America cut their target price on shares of CF Industries from $83.00 to $78.00 and set an “underperform” rating on the stock in a report on Thursday, January 8th. Royal Bank Of Canada boosted their price target on shares of CF Industries from $90.00 to $95.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, BNP Paribas Exane raised their price objective on CF Industries from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.63.

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.