OVERSEA CHINESE BANKING Corp Ltd Acquires New Shares in CF Industries Holdings, Inc. $CF

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in CF Industries Holdings, Inc. (NYSE:CF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,764 shares of the basic materials company’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in shares of CF Industries by 8,352.8% in the 1st quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company’s stock valued at $113,422,000 after purchasing an additional 1,434,168 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in CF Industries by 72.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company’s stock valued at $178,053,000 after buying an additional 959,901 shares during the period. Allianz Asset Management GmbH lifted its position in CF Industries by 72.1% in the second quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock valued at $159,061,000 after buying an additional 724,329 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in CF Industries in the second quarter valued at about $63,104,000. Finally, AQR Capital Management LLC boosted its stake in CF Industries by 113.1% during the first quarter. AQR Capital Management LLC now owns 928,701 shares of the basic materials company’s stock worth $72,123,000 after buying an additional 492,846 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Trading Down 0.2%

NYSE:CF opened at $86.18 on Wednesday. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45. The firm has a market cap of $13.96 billion, a PE ratio of 11.25 and a beta of 0.93. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $86.79 and a 200 day moving average price of $87.98.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.02. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.CF Industries’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.30 EPS. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. CF Industries’s payout ratio is currently 26.11%.

Analyst Ratings Changes

CF has been the topic of a number of research analyst reports. Mizuho boosted their price target on shares of CF Industries from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. UBS Group cut their target price on CF Industries from $101.00 to $96.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $95.00 to $100.00 in a research note on Wednesday, August 13th. JPMorgan Chase & Co. raised CF Industries from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $92.00 in a research note on Tuesday, July 29th. Finally, Wall Street Zen upgraded CF Industries from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $97.54.

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.