20,316 Shares in CF Industries Holdings, Inc. $CF Purchased by Redwood Investment Management LLC

Key Points

• Redwood Investment Management purchased 20,316 CF Industries shares worth approximately $2.2 million during the second quarter. Institutional investors collectively own 93.06% of the company.
• CF Industries reported quarterly earnings of $4.73 per share and revenue of $2.22 billion, missing analyst estimates, although revenue increased 17.6% year over year.
• The company raised its quarterly dividend from $0.50 to $0.60 per share, equivalent to a $2.40 annualized payout and a 1.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $116.56.

Redwood Investment Management LLC acquired a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 20,316 shares of the basic materials company's stock, valued at approximately $2,199,000.

Other institutional investors have also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of CF Industries in the 4th quarter valued at $11,556,000. S&CO Inc. bought a new stake in shares of CF Industries during the 2nd quarter worth $2,630,000. Twin Capital Management Inc. acquired a new stake in CF Industries in the fourth quarter valued at about $714,000. AIA Group Ltd acquired a new stake in CF Industries in the first quarter valued at about $3,428,000. Finally, Teamwork Financial Advisors LLC acquired a new position in CF Industries during the second quarter worth about $10,108,000. Institutional investors own 93.06% of the company's stock.

CF Industries Stock Down 1.2%

Shares of NYSE CF opened at $125.71 on Thursday. The company has a 50 day simple moving average of $117.27 and a 200 day simple moving average of $116.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96. The firm has a market cap of $19.02 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39.

CF Industries (NYSE:CF - Get Free Report) last posted its 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 business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The company's revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.37 earnings per share. On average, research analysts forecast that CF Industries Holdings, Inc. will post 13.7 EPS for the current year.

CF Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a $0.60 dividend. This is a positive change from CF Industries's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th. CF Industries's payout ratio is presently 17.79%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Bank of America increased their target price on shares of CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce reissued a "neutral" rating and issued a $129.00 price objective on shares of CF Industries in a research note on Friday, July 24th. Wall Street Zen lowered shares of CF Industries from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. BMO Capital Markets decreased their target price on shares of CF Industries from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 30th. Finally, Weiss Ratings downgraded shares of CF Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $116.56.

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.

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