58,664 CF Industries Holdings, Inc. $CF Shares Bought by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management increased its CF Industries stake by 58,664 shares, or 1,297.6%, during the third quarter, bringing its holdings to 63,185 shares valued at approximately $7.97 million.
• Institutional ownership remains high at 93.06%, with several other funds also adding to their positions during the quarter.
• Analysts maintain a consensus “Hold” rating with an average price target of $121.89. CF Industries recently missed quarterly earnings and revenue estimates but announced a $0.60-per-share quarterly dividend, representing a 2.0% yield.

Evergreen Capital Management LLC grew its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 1,297.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,185 shares of the basic materials company's stock after acquiring an additional 58,664 shares during the quarter. Evergreen Capital Management LLC's holdings in CF Industries were worth $7,967,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its stake in CF Industries by 20,006.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 150,194 shares of the basic materials company's stock worth $19,025,000 after purchasing an additional 149,447 shares during the period. Vann Equity Management LLC boosted its holdings in shares of CF Industries by 127.3% in the 3rd quarter. Vann Equity Management LLC now owns 8,797 shares of the basic materials company's stock valued at $1,071,000 after purchasing an additional 4,926 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of CF Industries by 2,298.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 97,462 shares of the basic materials company's stock valued at $12,297,000 after purchasing an additional 93,399 shares during the last quarter. Saudi Central Bank grew its stake in shares of CF Industries by 86.8% during the 2nd quarter. Saudi Central Bank now owns 10,753 shares of the basic materials company's stock valued at $1,164,000 after buying an additional 4,996 shares during the period. Finally, S&CO Inc. purchased a new stake in shares of CF Industries during the 2nd quarter valued at $2,630,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CF shares. Morgan Stanley dropped their price objective on CF Industries from $135.00 to $115.00 and set an "equal weight" rating for the company in a report on Tuesday, July 7th. UBS Group set a $133.00 target price on CF Industries in a report on Friday. Weiss Ratings raised CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, September 16th. Wall Street Zen lowered CF Industries from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. Finally, set a $115.00 price target on CF Industries and gave the stock a "sector perform" rating in a research note on Monday, October 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $121.89.

CF Industries Trading Down 0.0%

Shares of CF stock opened at $120.65 on Monday. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The firm's 50 day moving average price is $123.74 and its two-hundred day moving average price is $119.79. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 0.23 and a beta of 0.53.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings data 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 return on equity of 24.41% and a net margin of 27.12%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the company earned $2.37 EPS. CF Industries's revenue was up 17.6% on a year-over-year basis. On average, analysts anticipate that CF Industries Holdings, Inc. will post 13.90 EPS for the current year.

CF Industries Dividend Announcement

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