Public Sector Pension Investment Board Buys 2,055 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Public Sector Pension Investment Board grew its stake in CF Industries Holdings, Inc. (NYSE:CF) by 47.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,414 shares of the basic materials company’s stock after buying an additional 2,055 shares during the period. Public Sector Pension Investment Board’s holdings in CF Industries were worth $475,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Councilmark Asset Management LLC bought a new stake in CF Industries in the 1st quarter worth approximately $1,251,000. Quantbot Technologies LP purchased a new stake in shares of CF Industries in the 1st quarter valued at $610,000. Guidance Capital Inc. bought a new position in shares of CF Industries during the 1st quarter valued at $863,000. Swedbank AB purchased a new position in CF Industries in the 1st quarter worth $19,824,000. Finally, Goldman Sachs Group Inc. lifted its stake in CF Industries by 68.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after purchasing an additional 630,264 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

Shares of NYSE CF opened at $89.29 on Friday. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $89.64. The stock has a market capitalization of $16.32 billion, a P/E ratio of 14.83, a P/E/G ratio of 2.38 and a beta of 0.95. The company’s 50-day moving average is $79.98 and its 200 day moving average is $78.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.70 and a quick ratio of 4.19.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business earned $2.70 EPS. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Bank of America raised their price objective on CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Royal Bank of Canada lifted their price target on CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Wells Fargo & Company increased their price objective on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, September 24th. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $80.00 to $90.00 in a report on Friday, August 16th. Finally, UBS Group raised their price target on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $87.73.

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.