Mirae Asset Global Investments Co. Ltd. Has $19.77 Million Stock Holdings in CF Industries Holdings, Inc. $CF

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 16.0% in the second quarter, Holdings Channel.com reports. The fund owned 214,852 shares of the basic materials company’s stock after purchasing an additional 29,612 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CF Industries were worth $19,766,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CF. QRG Capital Management Inc. lifted its position in shares of CF Industries by 21.8% during the 1st quarter. QRG Capital Management Inc. now owns 14,356 shares of the basic materials company’s stock worth $1,122,000 after buying an additional 2,572 shares during the period. Golden State Wealth Management LLC boosted its position in CF Industries by 119.8% in the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock valued at $30,000 after buying an additional 206 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of CF Industries by 1,497.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,240 shares of the basic materials company’s stock worth $8,537,000 after buying an additional 102,401 shares in the last quarter. Talaria Asset Management Pty Ltd raised its stake in shares of CF Industries by 77.0% in the first quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock valued at $45,640,000 after acquiring an additional 254,000 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of CF Industries by 62.2% in the 1st quarter. Private Trust Co. NA now owns 720 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 276 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Trading Up 0.3%

CF opened at $90.08 on Friday. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. The firm has a market cap of $14.59 billion, a PE ratio of 11.76 and a beta of 0.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. The firm’s fifty day moving average is $87.19 and its two-hundred day moving average is $86.40.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.02. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.30 EPS. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, November 14th. CF Industries’s payout ratio is 26.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. JPMorgan Chase & Co. raised CF Industries from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $92.00 in a research note on Tuesday, July 29th. Morgan Stanley set a $95.00 price objective on shares of CF Industries and gave the company an “equal weight” rating in a research report on Thursday, June 26th. HSBC decreased their price target on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating on the stock in a research note on Monday, September 15th. Zacks Research cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $95.00 to $100.00 in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $95.00.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.