Allspring Global Investments Holdings LLC Buys 52,353 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Allspring Global Investments Holdings LLC boosted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 9.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 632,871 shares of the basic materials company’s stock after purchasing an additional 52,353 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.35% of CF Industries worth $46,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its position in shares of CF Industries by 7.4% in the 4th quarter. Allianz Asset Management GmbH now owns 590,213 shares of the basic materials company’s stock worth $46,922,000 after purchasing an additional 40,721 shares in the last quarter. Councilmark Asset Management LLC acquired a new position in CF Industries during the 1st quarter valued at approximately $1,251,000. Franklin Resources Inc. raised its holdings in shares of CF Industries by 44.4% in the fourth quarter. Franklin Resources Inc. now owns 394,403 shares of the basic materials company’s stock worth $31,355,000 after buying an additional 121,272 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of CF Industries by 9.7% during the fourth quarter. Hsbc Holdings PLC now owns 458,297 shares of the basic materials company’s stock valued at $36,400,000 after buying an additional 40,396 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of CF Industries in the 1st quarter valued at $610,000. 93.06% of the stock is currently owned by institutional investors.

CF Industries Price Performance

CF stock traded down $0.21 during mid-day trading on Tuesday, reaching $81.43. 57,831 shares of the company’s stock were exchanged, compared to its average volume of 2,203,174. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $87.90. The stock’s 50 day moving average is $74.76 and its 200 day moving average is $77.78. The company has a market cap of $14.88 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 2.44 and a beta of 0.95.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.50. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.52 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The business’s revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.70 EPS. On average, research analysts expect that CF Industries Holdings, Inc. will post 5.18 EPS for the current year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Thursday, August 15th. CF Industries’s dividend payout ratio is presently 33.22%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CF. BMO Capital Markets boosted their price target on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Scotiabank upped their target price on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Royal Bank of Canada raised their price target on shares of CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Wells Fargo & Company cut their price objective on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Finally, UBS Group boosted their target price on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $86.91.

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.