Bank of America Corp DE Raises Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Bank of America Corp DE boosted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 99.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,422,114 shares of the basic materials company’s stock after buying an additional 708,962 shares during the period. Bank of America Corp DE owned 0.66% of CF Industries worth $40,017,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CF. Riverpark Capital Management LLC grew its position in shares of CF Industries by 38.5% during the second quarter. Riverpark Capital Management LLC now owns 7,087 shares of the basic materials company’s stock valued at $199,000 after purchasing an additional 1,969 shares in the last quarter. Tudor Investment Corp Et Al grew its position in CF Industries by 395.7% in the second quarter. Tudor Investment Corp Et Al now owns 44,282 shares of the basic materials company’s stock worth $1,246,000 after acquiring an additional 35,349 shares in the last quarter. Holocene Advisors LP lifted its stake in CF Industries by 25.9% in the second quarter. Holocene Advisors LP now owns 72,907 shares of the basic materials company’s stock worth $2,052,000 after purchasing an additional 15,021 shares during the last quarter. Balyasny Asset Management LLC bought a new stake in CF Industries in the second quarter worth about $620,000. Finally, Advisor Group Holdings Inc. lifted its stake in CF Industries by 2.9% in the second quarter. Advisor Group Holdings Inc. now owns 19,624 shares of the basic materials company’s stock worth $554,000 after purchasing an additional 558 shares during the last quarter. Institutional investors and hedge funds own 92.09% of the company’s stock.

Several analysts have issued reports on the stock. Bank of America raised shares of CF Industries from an “underperform” rating to a “buy” rating in a research note on Monday, July 13th. Scotiabank reaffirmed a “sector perform” rating on shares of CF Industries in a research note on Monday, July 27th. Cfra downgraded shares of CF Industries from a “buy” rating to a “sell” rating in a research note on Thursday, May 21st. Citigroup raised shares of CF Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $29.00 to $38.00 in a research note on Friday, August 7th. Finally, TheStreet raised shares of CF Industries from a “c” rating to a “b-” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $43.06.

Shares of CF opened at $32.97 on Wednesday. The firm has a market capitalization of $7.21 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 3.68 and a beta of 1.16. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.85 and a quick ratio of 1.40. CF Industries Holdings, Inc. has a 1-year low of $19.73 and a 1-year high of $52.30. The company’s fifty day moving average price is $33.13 and its 200-day moving average price is $30.09.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.35. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.14 billion. CF Industries had a net margin of 8.87% and a return on equity of 6.76%. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 1.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Friday, August 14th. CF Industries’s dividend payout ratio (DPR) is presently 62.18%.

CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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