Mitsubishi UFJ Asset Management Co. Ltd. Makes New $40.75 Million Investment in CF Industries Holdings, Inc. $CF

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) during the second quarter, Holdings Channel.com reports. The firm acquired 376,368 shares of the basic materials company’s stock, valued at approximately $40,746,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Himension Capital Singapore PTE. LTD. bought a new stake in shares of CF Industries in the 1st quarter worth about $25,000. Hantz Financial Services Inc. grew its holdings in CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. WPG Advisers LLC grew its holdings in CF Industries by 69.8% during the 4th quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 227 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in CF Industries in the 2nd quarter worth about $44,000. Finally, Elevation Wealth Partners LLC raised its position in CF Industries by 39.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

CF has been the subject of several recent analyst reports. Barclays boosted their target price on CF Industries from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Freedom Capital upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Berenberg Bank raised their price target on CF Industries from $86.00 to $106.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $129.00 price target on shares of CF Industries in a research note on Friday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CF Industries in a report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and an average price target of $116.56.

CF Industries Stock Performance

Shares of NYSE:CF opened at $119.31 on Thursday. The firm has a market cap of $18.06 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.23 and a beta of 0.39. The firm’s 50 day simple moving average is $115.20 and its 200-day simple moving average is $115.34. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.37 EPS. As a group, equities analysts predict that CF Industries Holdings, Inc. will post 13.85 EPS for the current year.

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.60 per share. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. CF Industries’s dividend payout ratio is presently 17.79%.

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.