L2 Asset Management LLC Buys 10,977 Shares of CF Industries Holdings, Inc. $CF

L2 Asset Management LLC lifted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 13.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,970 shares of the basic materials company’s stock after purchasing an additional 10,977 shares during the quarter. L2 Asset Management LLC’s holdings in CF Industries were worth $7,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. grew its holdings in CF Industries by 878.2% during the 3rd quarter. Assetmark Inc. now owns 17,941 shares of the basic materials company’s stock worth $1,609,000 after acquiring an additional 16,107 shares during the last quarter. Van ECK Associates Corp grew its holdings in CF Industries by 19.8% during the 3rd quarter. Van ECK Associates Corp now owns 369,321 shares of the basic materials company’s stock worth $33,128,000 after acquiring an additional 61,140 shares during the last quarter. KBC Group NV grew its holdings in CF Industries by 26.9% during the 4th quarter. KBC Group NV now owns 1,170,171 shares of the basic materials company’s stock worth $90,501,000 after acquiring an additional 248,020 shares during the last quarter. AIA Group Ltd bought a new stake in CF Industries during the 3rd quarter worth approximately $376,000. Finally, BDF Gestion bought a new stake in CF Industries during the 4th quarter worth approximately $1,779,000. 93.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of CF Industries from $100.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Bank of America boosted their target price on shares of CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Mizuho boosted their target price on shares of CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a report on Tuesday, March 31st. Zacks Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Finally, BMO Capital Markets upped their price objective on shares of CF Industries from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, CF Industries has an average rating of “Hold” and an average target price of $117.75.

CF Industries Trading Down 2.3%

NYSE:CF opened at $106.95 on Tuesday. The firm’s fifty day moving average is $120.08 and its 200-day moving average is $104.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The firm has a market cap of $16.43 billion, a P/E ratio of 9.61 and a beta of 0.38.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $1.35. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm posted $1.85 EPS. The company’s quarterly revenue was up 19.4% on a year-over-year basis. Equities analysts expect that CF Industries Holdings, Inc. will post 15.84 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.00 annualized dividend and a yield of 1.9%. CF Industries’s dividend payout ratio is currently 17.97%.

CF Industries 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.