45,651 Shares in CF Industries Holdings, Inc. $CF Purchased by Oxbow Advisors LLC

Key Points

• Oxbow Advisors acquired 45,651 CF Industries shares worth approximately $4.94 million during the second quarter, while institutional investors and hedge funds collectively own 93.06% of the company.
• CF Industries reported quarterly EPS of $4.73, missing estimates by $0.90, while revenue rose 17.6% year over year to $2.22 billion but fell short of analyst expectations.
• The company increased its quarterly dividend from $0.50 to $0.60 per share, equivalent to a $2.40 annualized payout and a 2.0% yield. Analysts maintain a consensus “Hold” rating with a $116.56 price target.

Oxbow Advisors LLC acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 45,651 shares of the basic materials company's stock, valued at approximately $4,942,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in CF Industries in the 2nd quarter worth about $1,410,607,000. Norges Bank bought a new stake in shares of CF Industries during the fourth quarter valued at approximately $193,657,000. Bank of New York Mellon Corp bought a new stake in shares of CF Industries during the second quarter valued at approximately $198,857,000. Deutsche Bank AG acquired a new position in shares of CF Industries during the second quarter worth approximately $157,850,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of CF Industries by 37.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company's stock worth $333,501,000 after buying an additional 1,178,516 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Performance

CF opened at $119.70 on Wednesday. The business has a 50 day moving average price of $115.00 and a two-hundred day moving average price of $115.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32. The company has a market capitalization of $18.12 billion, a price-to-earnings ratio of 8.87 and a beta of 0.39. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the business posted $2.37 earnings per share. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. Research analysts predict that CF Industries Holdings, Inc. will post 13.85 EPS for the current fiscal year.

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.60 per share. This is an increase from CF Industries's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 14th. CF Industries's dividend payout ratio (DPR) is 17.79%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CF shares. Zacks Research lowered CF Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating and set a $129.00 target price on shares of CF Industries in a research note on Friday, July 24th. HSBC reduced their price target on CF Industries from $130.00 to $121.00 in a research report on Wednesday, June 17th. Weiss Ratings reissued a "buy (b)" rating on shares of CF Industries in a research note on Monday, June 29th. Finally, UBS Group raised their price target on CF Industries from $115.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, CF Industries currently has an average rating of "Hold" and a consensus target price of $116.56.

About CF Industries

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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