Erste Asset Management GmbH Makes New $514,000 Investment in CF Industries Holdings, Inc. (NYSE:CF)

Erste Asset Management GmbH purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 3rd quarter, Holdings Channel reports. The firm purchased 6,000 shares of the basic materials company’s stock, valued at approximately $514,000.

Several other hedge funds also recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec increased its position in CF Industries by 17.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 586,919 shares of the basic materials company’s stock worth $50,358,000 after buying an additional 88,432 shares in the last quarter. Centric Wealth Management increased its position in CF Industries by 2.8% during the third quarter. Centric Wealth Management now owns 28,022 shares of the basic materials company’s stock worth $2,328,000 after buying an additional 751 shares in the last quarter. Public Sector Pension Investment Board increased its position in CF Industries by 17.1% during the third quarter. Public Sector Pension Investment Board now owns 7,514 shares of the basic materials company’s stock worth $645,000 after buying an additional 1,100 shares in the last quarter. De Lisle Partners LLP increased its position in CF Industries by 10.0% during the third quarter. De Lisle Partners LLP now owns 44,000 shares of the basic materials company’s stock worth $3,775,000 after buying an additional 4,000 shares in the last quarter. Finally, FORA Capital LLC acquired a new stake in shares of CF Industries during the third quarter worth $3,171,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Trading Down 2.8 %

Shares of CF opened at $91.50 on Thursday. The stock’s 50-day moving average is $86.30 and its two-hundred day moving average is $80.10. The stock has a market cap of $15.92 billion, a PE ratio of 14.48, a P/E/G ratio of 2.40 and a beta of 0.98. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $94.46. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Equities analysts forecast that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, November 15th. CF Industries’s dividend payout ratio is presently 31.65%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CF shares. BMO Capital Markets raised their price objective on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Mizuho raised their price objective on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Scotiabank raised their price objective on CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Barclays raised their price objective on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company raised their price objective on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average target price of $88.42.

Insiders Place Their Bets

In other news, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the sale, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at approximately $9,077,640. The trade was a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares in the company, valued at approximately $5,964,120. The trade was a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,701 shares of company stock worth $2,052,704 over the last quarter. 0.48% of the stock is owned by corporate insiders.

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.