Oppenheimer Asset Management Inc. Has $449,000 Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Oppenheimer Asset Management Inc. raised its position in CF Industries Holdings, Inc. (NYSE:CF) by 32.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,063 shares of the basic materials company’s stock after buying an additional 1,502 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CF Industries were worth $449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its position in CF Industries by 4.5% in the first quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock valued at $269,000 after buying an additional 140 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in CF Industries by 4.8% in the 1st quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 141 shares in the last quarter. First Horizon Advisors Inc. raised its position in CF Industries by 8.5% in the second quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 146 shares during the last quarter. SYSTM Wealth Solutions LLC boosted its stake in shares of CF Industries by 24.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 153 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of CF Industries by 0.5% during the first quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock worth $2,797,000 after purchasing an additional 153 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Trading Down 1.9 %

CF opened at $81.59 on Friday. The company has a market cap of $14.91 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 2.21 and a beta of 0.95. The company has a fifty day moving average price of $77.57 and a two-hundred day moving average price of $77.96. The company has a current ratio of 4.70, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $87.90.

CF Industries (NYSE:CF) last posted its quarterly 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 business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business earned $2.70 EPS. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. Analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.45%. The ex-dividend date was Thursday, August 15th. CF Industries’s payout ratio is currently 33.22%.

Analyst Ratings Changes

Several research firms recently commented on CF. BMO Capital Markets lifted their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Wells Fargo & Company decreased their price objective on CF Industries from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Bank of America lifted their target price on CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, August 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 research report on Monday, August 12th. Finally, Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $80.00 to $90.00 in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, CF Industries has an average rating of “Hold” and an average target price of $86.91.

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.