Murphy Pohlad Asset Management LLC Boosts Stock Position in CF Industries Holdings, Inc. $CF

Murphy Pohlad Asset Management LLC raised its stake in CF Industries Holdings, Inc. (NYSE:CF) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,700 shares of the basic materials company’s stock after buying an additional 300 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in CF Industries were worth $800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Simon Quick Advisors LLC purchased a new position in CF Industries in the second quarter valued at about $355,000. Strs Ohio grew its stake in CF Industries by 29.3% in the second quarter. Strs Ohio now owns 20,031 shares of the basic materials company’s stock valued at $1,843,000 after purchasing an additional 4,539 shares during the last quarter. Assetmark Inc. grew its stake in CF Industries by 28.7% in the second quarter. Assetmark Inc. now owns 1,834 shares of the basic materials company’s stock valued at $169,000 after purchasing an additional 409 shares during the last quarter. HBK Sorce Advisory LLC purchased a new position in CF Industries in the second quarter valued at about $206,000. Finally, Spire Wealth Management grew its stake in CF Industries by 555.7% in the second quarter. Spire Wealth Management now owns 1,259 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 1,067 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group lowered their price target on CF Industries from $101.00 to $96.00 and set a “neutral” rating for the company in a report on Monday, October 6th. The Goldman Sachs Group dropped their target price on shares of CF Industries from $96.00 to $94.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. BNP Paribas downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Mizuho boosted their target price on shares of CF Industries from $97.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Finally, Wells Fargo & Company boosted their target price on shares of CF Industries from $101.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $97.54.

CF Industries Trading Down 1.7%

CF Industries stock opened at $82.73 on Friday. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The company has a market capitalization of $13.40 billion, a price-to-earnings ratio of 10.80 and a beta of 0.93. The stock has a 50-day moving average price of $86.70 and a 200 day moving average price of $88.02.

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

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a $0.50 dividend. 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 payout ratio is presently 26.11%.

CF Industries 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.