Legal & General Group Plc Takes $54.53 Million Position in CF Industries Holdings, Inc. $CF

Legal & General Group Plc acquired a new position in CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 503,706 shares of the basic materials company’s stock, valued at approximately $54,531,000. Legal & General Group Plc owned about 0.33% of CF Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in CF Industries during the 2nd quarter valued at about $1,410,607,000. Dimensional Fund Advisors LP grew its position in CF Industries by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after acquiring an additional 146,682 shares in the last quarter. Boston Partners increased its stake in CF Industries by 15.3% during the third quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock worth $321,852,000 after purchasing an additional 476,769 shares during the period. Invesco Ltd. lifted its position in shares of CF Industries by 12.0% during the fourth quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock worth $276,123,000 after purchasing an additional 381,716 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of CF Industries by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 3,287,256 shares of the basic materials company’s stock worth $302,428,000 after purchasing an additional 11,792 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 0.0%

Shares of CF Industries stock opened at $125.75 on Friday. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96. The company has a 50 day moving average of $118.18 and a 200 day moving average of $116.87. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $19.03 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.25 and a beta of 0.39.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the prior year, the company posted $2.37 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, research analysts forecast that CF Industries Holdings, Inc. will post 13.7 EPS for the current fiscal year.

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, August 14th. This is an increase from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. CF Industries’s payout ratio is presently 17.79%.

Analysts Set New Price Targets

CF has been the subject of a number of research reports. HSBC dropped their price objective on shares of CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Scotiabank increased their target price on shares of CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $129.00 price target on shares of CF Industries in a research report on Friday, July 24th. Zacks Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, UBS Group upped their price objective on CF Industries from $115.00 to $123.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and an average price target of $116.56.

Key Stories Impacting CF Industries

Here are the key news stories impacting CF Industries this week:

• Positive Sentiment: CF Industries and its partners broke ground on the roughly $3.7 billion Blue Point One low-carbon ammonia plant in Louisiana. The project is designed to produce approximately 1.4 million metric tons annually, with production targeted for 2029. It could strengthen domestic fertilizer supply while positioning CF in the emerging lower-carbon ammonia market. CF Industries and Partners Break Ground on Low-Carbon Ammonia Plant
• Positive Sentiment: Investor Kevin Simpson disclosed that he is buying more CF Industries, describing the fertilizer producer as an attractive way to participate in U.S. reindustrialization. His endorsement may support sentiment around CF’s valuation, domestic manufacturing exposure and expected demand for nitrogen products. Kevin Simpson is buying this play on America’s reindustrialization at a very attractive price
• Positive Sentiment: Coverage contrasted CF’s progress with setbacks affecting Woodside’s blue-ammonia project, highlighting CF’s ability to advance its own lower-carbon ammonia strategy. Woodside blue ammonia plant stumbles, though CF moves ahead
• Neutral Sentiment: The Louisiana project represents a major multiyear capital commitment, so investors will likely monitor construction costs, financing, regulatory support and whether low-carbon ammonia demand develops as expected before the planned 2029 startup. CF Industries and partners break ground on Louisiana ammonia plant

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.