141,023 Shares of CF Industries Holdings, Inc. $CF Bought by Brookstone Capital Management

Key Points

• Brookstone Capital Management initiated a position in CF Industries by purchasing 141,023 shares valued at approximately $17.85 million, representing 0.09% of the company. Institutional investors collectively own 93.06% of CF Industries.
• Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $121.11; recent targets ranged from $115 to $162.
• CF Industries reported quarterly earnings of $4.73 per share, missing estimates of $5.63, while revenue of $2.22 billion also fell short of expectations. The company maintained a quarterly dividend of $0.60 per share, yielding about 2.0% annually.

Brookstone Capital Management bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 141,023 shares of the basic materials company's stock, valued at approximately $17,850,000. Brookstone Capital Management owned 0.09% of CF Industries at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of CF Industries in the 2nd quarter worth approximately $1,410,607,000. Dimensional Fund Advisors LP grew its holdings in CF Industries by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company's stock valued at $579,062,000 after purchasing an additional 146,682 shares during the last quarter. Bank of America Corp DE grew its holdings in CF Industries by 8.4% in the first quarter. Bank of America Corp DE now owns 2,048,671 shares of the basic materials company's stock valued at $265,999,000 after purchasing an additional 158,119 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in CF Industries in the second quarter valued at $198,857,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of CF Industries by 1.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,747,078 shares of the basic materials company's stock valued at $189,139,000 after buying an additional 32,293 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CF shares. BMO Capital Markets cut their price target on CF Industries from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Tuesday, June 30th. Royal Bank Of Canada lowered their price objective on shares of CF Industries from $125.00 to $115.00 and set a "sector perform" rating on the stock in a research note on Friday, July 17th. Wall Street Zen downgraded shares of CF Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Sanford C. Bernstein began coverage on shares of CF Industries in a report on Friday, September 25th. They set an "outperform" rating and a $162.00 target price for the company. Finally, KeyCorp began coverage on shares of CF Industries in a research report on Thursday, September 10th. They set an "underweight" rating and a $115.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $121.11.

CF Industries Stock Performance

CF Industries stock opened at $118.66 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. The stock has a fifty day moving average of $123.69 and a two-hundred day moving average of $119.86. The company has a market capitalization of $17.96 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.23 and a beta of 0.53. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts' consensus estimates of $5.63 by ($0.90). The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%. The business's revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm earned $2.37 earnings per share. On average, analysts anticipate that CF Industries Holdings, Inc. will post 13.90 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, November 16th. CF Industries's dividend payout ratio is 17.79%.

About CF Industries

CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.

The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.

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