CIBC Asset Management Inc Acquires 11,720 Shares of CF Industries Holdings, Inc. $CF

CIBC Asset Management Inc raised its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 40.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,721 shares of the basic materials company’s stock after acquiring an additional 11,720 shares during the period. CIBC Asset Management Inc’s holdings in CF Industries were worth $3,149,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in shares of CF Industries in the fourth quarter worth approximately $193,657,000. Worldquant Millennium Advisors LLC bought a new position in shares of CF Industries in the second quarter worth approximately $96,560,000. Caisse de depot et placement du Quebec grew its holdings in shares of CF Industries by 52.4% in the third quarter. Caisse de depot et placement du Quebec now owns 1,775,106 shares of the basic materials company’s stock worth $159,227,000 after purchasing an additional 610,259 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of CF Industries by 22.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,133,709 shares of the basic materials company’s stock worth $281,104,000 after purchasing an additional 568,710 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its holdings in shares of CF Industries by 115.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,019,926 shares of the basic materials company’s stock worth $78,881,000 after purchasing an additional 545,668 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Performance

Shares of CF stock opened at $113.72 on Monday. The stock has a fifty day moving average of $122.96 and a 200 day moving average of $102.79. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 10.22 and a beta of 0.38. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm posted $1.85 earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis. As a group, research analysts expect that CF Industries Holdings, Inc. will post 14.39 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. CF Industries’s dividend payout ratio (DPR) is presently 17.97%.

Wall Street Analysts Forecast Growth

CF has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Scotiabank raised their target price on shares of CF Industries from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. Mizuho raised their target price on shares of CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. raised their target price on shares of CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Finally, Royal Bank Of Canada raised their target price on shares of CF Industries from $100.00 to $125.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 7th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $119.00.

Insiders Place Their Bets

In related news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $126.00, for a total value of $756,000.00. Following the completion of the sale, the executive vice president owned 69,472 shares of the company’s stock, valued at $8,753,472. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Erik M. Mayer sold 1,500 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $124.69, for a total value of $187,035.00. Following the transaction, the vice president directly owned 6,341 shares of the company’s stock, valued at $790,659.29. This represents a 19.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 35,290 shares of company stock worth $4,690,711. Insiders own 0.51% of the company’s stock.

CF Industries Company Profile

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.