Assetmark Inc. Buys Shares of 415 CF Industries Holdings, Inc. (NYSE:CF)

Assetmark Inc. purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CFGet Rating) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 415 shares of the basic materials company’s stock, valued at approximately $40,000.

Several other hedge funds also recently modified their holdings of CF. Lindbrook Capital LLC lifted its stake in shares of CF Industries by 555.1% in the second quarter. Lindbrook Capital LLC now owns 321 shares of the basic materials company’s stock valued at $28,000 after buying an additional 272 shares during the period. Carolinas Wealth Consulting LLC grew its holdings in shares of CF Industries by 48.3% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 341 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 111 shares in the last quarter. Evoke Wealth LLC raised its stake in shares of CF Industries by 2,600.0% in the second quarter. Evoke Wealth LLC now owns 405 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 390 shares in the last quarter. Mizuho Securities Co. Ltd. lifted its position in CF Industries by 24.4% in the third quarter. Mizuho Securities Co. Ltd. now owns 510 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 100 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in CF Industries by 540.8% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 455 shares of the basic materials company’s stock worth $39,000 after buying an additional 384 shares in the last quarter. 92.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company started coverage on shares of CF Industries in a report on Wednesday, January 18th. They set an “overweight” rating and a $110.00 price objective for the company. Mizuho cut their price target on shares of CF Industries from $113.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, January 12th. Credit Suisse Group reissued an “underperform” rating on shares of CF Industries in a report on Monday, January 9th. Royal Bank of Canada raised CF Industries from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $110.00 to $135.00 in a research note on Monday, October 3rd. Finally, Citigroup dropped their price objective on CF Industries from $126.00 to $100.00 and set a “buy” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.92.

CF Industries Stock Up 1.3 %

Shares of NYSE CF opened at $86.48 on Monday. CF Industries Holdings, Inc. has a 12-month low of $63.10 and a 12-month high of $119.60. The firm’s 50-day simple moving average is $94.69 and its 200 day simple moving average is $98.36. The company has a quick ratio of 2.30, a current ratio of 2.66 and a debt-to-equity ratio of 0.42. The company has a market cap of $16.97 billion, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 1.05 and a beta of 1.06.

CF Industries (NYSE:CFGet Rating) last announced its earnings results on Wednesday, November 2nd. The basic materials company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.19 by ($0.64). The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.30 billion. CF Industries had a return on equity of 50.92% and a net margin of 28.70%. On average, research analysts expect that CF Industries Holdings, Inc. will post 15.95 earnings per share for the current fiscal year.

CF Industries Profile

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CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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

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