9,393 Shares in CF Industries Holdings, Inc. $CF Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) during the second quarter, HoldingsChannel reports. The fund purchased 9,393 shares of the basic materials company’s stock, valued at approximately $1,017,000.

Several other institutional investors have also bought and sold shares of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of CF Industries during the 4th quarter valued at about $11,556,000. S&CO Inc. bought a new position in shares of CF Industries in the 2nd quarter valued at about $2,630,000. Twin Capital Management Inc. purchased a new position in CF Industries in the fourth quarter worth about $714,000. AIA Group Ltd purchased a new position in CF Industries in the first quarter worth about $3,428,000. Finally, Teamwork Financial Advisors LLC bought a new stake in CF Industries during the second quarter worth approximately $10,108,000. Institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on CF Industries from $94.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Barclays boosted their target price on CF Industries from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Morgan Stanley decreased their price target on CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Scotiabank raised their price target on CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, BNP Paribas Exane lowered their price target on CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $116.56.

CF Industries Stock Down 0.2%

Shares of NYSE CF opened at $129.31 on Tuesday. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96. The firm has a 50-day simple moving average of $116.44 and a two-hundred day simple moving average of $116.11. The company has a market cap of $19.57 billion, a P/E ratio of 9.59, a PEG ratio of 0.26 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32.

CF Industries (NYSE:CF) last issued its quarterly 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 return on equity of 24.41% and a net margin of 27.12%.The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the previous year, the company posted $2.37 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Research analysts anticipate that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current year.

CF Industries Increases Dividend

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