CF Industries Holdings, Inc. $CF Stock Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its stake in CF Industries Holdings, Inc. (NYSE:CF) by 577.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,742 shares of the basic materials company’s stock after buying an additional 38,142 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in CF Industries were worth $5,594,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in CF Industries during the second quarter valued at approximately $1,410,607,000. Bank of New York Mellon Corp acquired a new position in CF Industries in the second quarter valued at approximately $198,857,000. Bank of America Corp DE purchased a new stake in CF Industries in the 2nd quarter worth approximately $186,353,000. Deutsche Bank AG purchased a new stake in CF Industries in the 2nd quarter worth approximately $157,850,000. Finally, Assenagon Asset Management S.A. boosted its position in CF Industries by 407.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,352,013 shares of the basic materials company’s stock worth $170,136,000 after purchasing an additional 1,085,612 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Up 2.0%

CF stock opened at $118.66 on Friday. The stock has a market capitalization of $17.96 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.23 and a beta of 0.53. The firm has a 50-day simple moving average of $123.69 and a 200-day simple moving average of $119.86. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96.

CF Industries (NYSE:CF) last released 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 company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the company earned $2.37 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities analysts forecast that CF Industries Holdings, Inc. will post 13.90 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 Monday, November 30th. Stockholders of record on Monday, November 16th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. CF Industries’s payout ratio is currently 17.79%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CF. KeyCorp started coverage on shares of CF Industries in a report on Thursday, September 10th. They set an “underweight” rating and a $115.00 target price for the company. Scotiabank raised their price target on shares of CF Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 16th. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, UBS Group upped their price objective on shares of CF Industries from $115.00 to $123.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $121.11.

About CF Industries

CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.

The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.