First Mercantile Trust Co. Purchases New Position in CF Industries Holdings, Inc. (CF)

First Mercantile Trust Co. purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,938 shares of the basic materials company’s stock, valued at approximately $160,000.

A number of other hedge funds also recently bought and sold shares of the business. IBM Retirement Fund bought a new position in CF Industries in the third quarter valued at approximately $206,000. Toronto Dominion Bank boosted its stake in shares of CF Industries by 1.1% during the 3rd quarter. Toronto Dominion Bank now owns 151,730 shares of the basic materials company’s stock worth $8,258,000 after acquiring an additional 1,722 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of CF Industries by 35.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,931,876 shares of the basic materials company’s stock worth $105,172,000 after acquiring an additional 502,919 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of CF Industries by 14.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 795,989 shares of the basic materials company’s stock worth $43,334,000 after acquiring an additional 99,953 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of CF Industries by 177.0% during the 3rd quarter. SG Americas Securities LLC now owns 103,127 shares of the basic materials company’s stock worth $5,614,000 after acquiring an additional 65,902 shares during the period. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Several research analysts have recently commented on the company. Cowen lifted their target price on CF Industries from $60.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, October 4th. Morgan Stanley lifted their target price on CF Industries from $37.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 10th. Stephens set a $55.00 target price on CF Industries and gave the stock a “hold” rating in a research note on Monday, October 1st. Royal Bank of Canada set a $50.00 target price on CF Industries and gave the stock a “hold” rating in a research note on Monday, October 1st. Finally, Scotiabank set a $60.00 target price on CF Industries and gave the stock a “buy” rating in a research note on Monday, October 1st. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $51.52.

NYSE:CF opened at $45.51 on Tuesday. The company has a market cap of $10.87 billion, a P/E ratio of -182.04, a PEG ratio of 5.16 and a beta of 1.09. The company has a quick ratio of 1.69, a current ratio of 2.03 and a debt-to-equity ratio of 0.76. CF Industries Holdings, Inc. has a 1-year low of $35.03 and a 1-year high of $56.51.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, October 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.94 million. CF Industries had a return on equity of 3.69% and a net margin of 16.06%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.39) earnings per share. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 1.52 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.64%. CF Industries’s payout ratio is currently -480.00%.

CF Industries announced that its board has authorized a stock buyback program on Wednesday, August 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the basic materials company to purchase up to 4.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

In related news, Director Stephen A. Furbacher sold 3,500 shares of CF Industries stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $52.45, for a total transaction of $183,575.00. Following the completion of the sale, the director now directly owns 50,190 shares of the company’s stock, valued at approximately $2,632,465.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen A. Furbacher sold 1,000 shares of CF Industries stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $51.43, for a total value of $51,430.00. Following the sale, the director now directly owns 53,690 shares of the company’s stock, valued at $2,761,276.70. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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