Abacus FCF Advisors LLC Invests $9.15 Million in CF Industries Holdings, Inc. $CF

Key Points

• Abacus FCF Advisors initiated a $9.15 million position in CF Industries by purchasing 84,484 shares, while institutional investors collectively own 93.06% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $116.56, despite mixed revisions ranging from Barclays’ $145 target to BMO’s $135 target.
• CF Industries reported quarterly EPS of $4.73, below the $5.63 consensus estimate, but revenue rose 17.6% year over year to $2.22 billion; the company also raised its quarterly dividend to $0.60 per share.

Abacus FCF Advisors LLC bought a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 84,484 shares of the basic materials company's stock, valued at approximately $9,146,000. CF Industries comprises approximately 1.7% of Abacus FCF Advisors LLC's portfolio, making the stock its 24th largest position. Abacus FCF Advisors LLC owned approximately 0.05% of CF Industries as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CF Industries by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company's stock worth $1,368,000 after buying an additional 518 shares during the period. Jones Financial Companies Lllp raised its stake in shares of CF Industries by 161.1% in the 1st quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company's stock valued at $928,000 after acquiring an additional 7,324 shares during the period. Woodline Partners LP lifted its holdings in shares of CF Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company's stock valued at $1,149,000 after acquiring an additional 4,252 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of CF Industries by 21.8% during the 1st quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company's stock valued at $278,000 after acquiring an additional 638 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in CF Industries by 141.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company's stock worth $62,000 after purchasing an additional 463 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CF. Barclays boosted their price objective on CF Industries from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, April 27th. BMO Capital Markets lowered their target price 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. Zacks Research downgraded CF Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. Berenberg Bank boosted their price target on CF Industries from $86.00 to $106.00 and gave the stock a "hold" rating in a research report on Thursday, May 28th. Finally, Bank of America upped their price target on CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, CF Industries has a consensus rating of "Hold" and an average price target of $116.56.

CF Industries Trading Down 0.3%

CF opened at $119.31 on Thursday. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. 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 stock has a market capitalization of $18.06 billion, a PE ratio of 8.84, a P/E/G ratio of 0.23 and a beta of 0.39. The firm's fifty day moving average price is $115.20 and its 200 day moving average price is $115.34.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). The company had revenue of $2.22 billion for 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%.CF Industries's revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.37 earnings per share. As a group, research analysts expect 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. Stockholders of record on Friday, August 14th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, August 14th. This is a positive change from CF Industries's previous quarterly dividend of $0.50. CF Industries's payout ratio is 17.79%.

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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