6,253 Shares in CF Industries Holdings, Inc. $CF Bought by Empirical Asset Management LLC

Empirical Asset Management LLC acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,253 shares of the basic materials company’s stock, valued at approximately $575,000.

A number of other institutional investors have also recently bought and sold shares of CF. Pacer Advisors Inc. grew its stake in 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 period. Bank of New York Mellon Corp grew its stake 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 purchasing an additional 959,901 shares during the period. Allianz Asset Management GmbH grew its stake in CF Industries by 72.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock valued at $159,061,000 after purchasing an additional 724,329 shares during the period. AQR Capital Management LLC grew its stake in CF Industries by 113.1% in the 1st quarter. AQR Capital Management LLC now owns 928,701 shares of the basic materials company’s stock valued at $72,123,000 after purchasing an additional 492,846 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in CF Industries by 16.8% in the 1st quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company’s stock valued at $255,977,000 after purchasing an additional 470,746 shares during the period. Institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

CF has been the subject of a number of recent analyst reports. Morgan Stanley set a $95.00 price objective on CF Industries and gave the company an “equal weight” rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. raised CF Industries from an “underweight” rating to a “neutral” rating and upped their price target for the company from $75.00 to $92.00 in a research report on Tuesday, July 29th. Mizuho upped their price target on CF Industries from $97.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. BNP Paribas cut CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $82.00 price target (up previously from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Three 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, the stock has an average rating of “Hold” and an average target price of $96.92.

CF Industries Stock Up 0.7%

Shares of NYSE CF opened at $83.59 on Friday. The business’s fifty day moving average price is $86.64 and its 200-day moving average price is $87.13. The stock has a market capitalization of $13.54 billion, a PE ratio of 10.91 and a beta of 0.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $104.45.

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

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. CF Industries’s dividend payout ratio is 26.11%.

About CF Industries

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.