Sumitomo Mitsui Trust Group Inc. Increases Position in CF Industries Holdings, Inc. $CF

Sumitomo Mitsui Trust Group Inc. boosted its position in CF Industries Holdings, Inc. (NYSE:CF) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 500,291 shares of the basic materials company’s stock after acquiring an additional 22,312 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.31% of CF Industries worth $44,876,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. First Horizon Corp bought a new position in shares of CF Industries during the 3rd quarter valued at about $62,000. Forum Financial Management LP boosted its stake in CF Industries by 23.0% in the third quarter. Forum Financial Management LP now owns 5,216 shares of the basic materials company’s stock worth $468,000 after buying an additional 976 shares in the last quarter. Lakewood Asset Management LLC boosted its stake in CF Industries by 1.7% in the third quarter. Lakewood Asset Management LLC now owns 12,260 shares of the basic materials company’s stock worth $1,100,000 after buying an additional 209 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in CF Industries by 32.3% during the third quarter. Oregon Public Employees Retirement Fund now owns 18,555 shares of the basic materials company’s stock valued at $1,664,000 after acquiring an additional 4,529 shares during the last quarter. Finally, Clear Harbor Asset Management LLC raised its stake in shares of CF Industries by 14.7% during the third quarter. Clear Harbor Asset Management LLC now owns 13,861 shares of the basic materials company’s stock worth $1,243,000 after acquiring an additional 1,775 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CF Industries in a research note on Monday, December 29th. BNP Paribas Exane cut their price target on shares of CF Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Zacks Research raised CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday. CIBC started coverage on CF Industries in a research report on Tuesday, December 2nd. They issued a “neutral” rating and a $87.00 price objective for the company. Finally, Wolfe Research upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CF Industries currently has an average rating of “Hold” and a consensus price target of $91.69.

CF Industries Trading Up 1.8%

CF opened at $86.61 on Friday. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $104.45. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.99. The business has a 50 day simple moving average of $79.63 and a two-hundred day simple moving average of $85.33. The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 10.43 and a beta of 0.69.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.13. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.59 billion. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.The business’s revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.55 earnings per share. Analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

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.