Connor Clark & Lunn Investment Management Ltd. Invests $2.54 Million in CF Industries Holdings, Inc. $CF

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 27,629 shares of the basic materials company’s stock, valued at approximately $2,542,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in CF Industries by 1.5% during the first quarter. Vanguard Group Inc. now owns 21,040,601 shares of the basic materials company’s stock worth $1,644,323,000 after buying an additional 319,343 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of CF Industries by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock worth $473,220,000 after acquiring an additional 262,944 shares during the last quarter. Invesco Ltd. boosted its position in shares of CF Industries by 4.4% during the 1st quarter. Invesco Ltd. now owns 5,708,643 shares of the basic materials company’s stock worth $446,130,000 after purchasing an additional 240,756 shares during the period. Boston Partners increased its holdings in CF Industries by 9.3% in the 1st quarter. Boston Partners now owns 3,623,708 shares of the basic materials company’s stock valued at $283,169,000 after purchasing an additional 307,092 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in CF Industries by 16.8% in the first 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 and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of CF stock opened at $84.96 on Friday. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $104.45. The company has a market cap of $13.25 billion, a P/E ratio of 11.09 and a beta of 0.89. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $86.18 and a 200 day moving average price of $88.71.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.13. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the company earned $1.55 EPS. The business’s quarterly revenue was up 21.1% on a year-over-year basis. Sell-side analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. CF Industries’s payout ratio is 24.10%.

Wall Street Analyst Weigh In

CF has been the subject of several research analyst reports. Wall Street Zen lowered CF Industries from a “buy” rating to a “hold” rating in a research report on Sunday. Scotiabank lifted their target price on CF Industries from $82.00 to $90.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Zacks Research lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. HSBC lowered their price objective on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Finally, Wolfe Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $95.64.

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.