Danske Bank A S Takes $31.38 Million Position in CF Industries Holdings, Inc. $CF

Danske Bank A S acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 289,844 shares of the basic materials company’s stock, valued at approximately $31,379,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CF. BlackRock Inc. purchased a new stake in shares of CF Industries in the 2nd quarter valued at approximately $1,410,607,000. Dimensional Fund Advisors LP increased its holdings in CF Industries by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after acquiring an additional 146,682 shares in the last quarter. Boston Partners raised its position in shares of CF Industries by 15.3% in the third 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 during the last quarter. Invesco Ltd. boosted its holdings in shares of CF Industries by 12.0% in the 4th quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock valued at $276,123,000 after purchasing an additional 381,716 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in CF Industries by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 3,287,256 shares of the basic materials company’s stock valued at $302,428,000 after purchasing an additional 11,792 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CF. BMO Capital Markets cut their target price 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. Scotiabank upped their price objective on CF Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Zacks Research cut CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. lifted their target price on shares of CF Industries from $94.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Bank of America increased their target price on shares of CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $116.56.

CF Industries Stock Down 0.3%

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

CF Industries (NYSE:CF) last announced its quarterly earnings data 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 business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the company earned $2.37 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts anticipate that CF Industries Holdings, Inc. will post 13.85 EPS for the current year.

CF Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a $0.60 dividend. 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. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. CF Industries’s dividend payout ratio (DPR) is presently 17.79%.

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.