Los Angeles Capital Management LLC Takes $903,000 Position in CF Industries Holdings, Inc. (NYSE:CF)

Los Angeles Capital Management LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,520 shares of the basic materials company's stock, valued at approximately $903,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CF. Swedbank AB acquired a new position in CF Industries in the first quarter valued at $19,824,000. Envestnet Portfolio Solutions Inc. lifted its stake in CF Industries by 17.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company's stock valued at $3,724,000 after buying an additional 7,294 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of CF Industries by 286.0% in the first quarter. Cetera Investment Advisers now owns 34,439 shares of the basic materials company's stock valued at $2,866,000 after acquiring an additional 25,516 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of CF Industries during the second quarter worth approximately $4,710,000. Finally, Bayesian Capital Management LP purchased a new stake in CF Industries in the 1st quarter valued at $2,384,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CF has been the topic of a number of recent research reports. Scotiabank boosted their target price on CF Industries from $80.00 to $88.00 and gave the company a "sector perform" rating in a report on Monday, August 12th. Bank of America downgraded shares of CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 16th. UBS Group boosted their target price on CF Industries from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Monday, August 26th. Redburn Atlantic assumed coverage on CF Industries in a report on Friday, October 18th. They issued a "neutral" rating and a $77.00 price target for the company. Finally, BMO Capital Markets upped their price objective on CF Industries from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $88.42.

CF Industries Stock Up 2.1 %

NYSE CF traded up $1.82 during trading hours on Friday, hitting $87.07. The company had a trading volume of 2,334,168 shares, compared to its average volume of 2,074,984. The firm's 50 day moving average is $84.14 and its 200 day moving average is $78.84. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 2.25 and a beta of 0.97. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $90.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries's payout ratio is currently 31.65%.

Insiders Place Their Bets

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the firm's stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total value of $648,234.02. Following the sale, the vice president now directly owns 29,211 shares in the company, valued at approximately $2,629,574.22. This trade represents a 19.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now directly owns 66,268 shares in the company, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

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.