Agman Capital LLC Takes $4.63 Million Position in CF Industries Holdings, Inc. $CF

Key Points

• Agman Capital LLC initiated a new position in CF Industries during the fourth quarter, buying 59,853 shares valued at about $4.63 million. The stake represents 3.9% of its portfolio and ranks as its 10th largest holding.
• CF Industries posted better-than-expected quarterly results, with EPS of $3.98 versus $2.63 expected and revenue of $1.99 billion versus $1.84 billion forecast. Revenue rose 19.4% year over year, and the company also continues to pay a quarterly dividend of $0.50 per share.
• Analysts remain cautious overall: CF has a consensus Hold rating with an average price target of $119, though some firms recently upgraded or raised targets. Insider selling was also noted, including share sales by two vice presidents in March.

Agman Capital LLC acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 59,853 shares of the basic materials company's stock, valued at approximately $4,629,000. CF Industries makes up 3.9% of Agman Capital LLC's investment portfolio, making the stock its 10th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aigen Investment Management LP raised its stake in CF Industries by 124.2% during the 4th quarter. Aigen Investment Management LP now owns 11,065 shares of the basic materials company's stock worth $856,000 after acquiring an additional 6,129 shares in the last quarter. FORA Capital LLC raised its stake in CF Industries by 408.6% during the 4th quarter. FORA Capital LLC now owns 30,290 shares of the basic materials company's stock worth $2,463,000 after acquiring an additional 24,335 shares in the last quarter. Kestra Advisory Services LLC raised its stake in CF Industries by 6.9% during the 4th quarter. Kestra Advisory Services LLC now owns 39,619 shares of the basic materials company's stock worth $3,064,000 after acquiring an additional 2,562 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in CF Industries by 73.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,157 shares of the basic materials company's stock worth $89,000 after acquiring an additional 489 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in shares of CF Industries in the fourth quarter valued at approximately $525,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Stock Up 2.6%

Shares of NYSE CF opened at $109.36 on Friday. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The firm has a 50-day moving average price of $120.54 and a 200 day moving average price of $103.65. The stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 9.83 and a beta of 0.38.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, beating the consensus estimate of $2.63 by $1.35. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter last year, the business earned $1.85 earnings per share. The business's revenue for the quarter was up 19.4% compared to the same quarter last year. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 15.84 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.50 per share. The ex-dividend date was Friday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. CF Industries's payout ratio is presently 17.97%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CF shares. Wall Street Zen raised shares of CF Industries from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. Berenberg Bank raised their price objective on shares of CF Industries from $86.00 to $106.00 and gave the stock a "hold" rating in a research report on Thursday, May 28th. UBS Group lowered their price objective on shares of CF Industries from $140.00 to $130.00 in a research report on Friday, May 8th. BNP Paribas Exane raised their price objective on shares of CF Industries from $95.00 to $140.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings raised shares of CF Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 13th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, CF Industries has a consensus rating of "Hold" and an average price target of $119.00.

Insiders Place Their Bets

In other CF Industries news, VP Richard A. Hoker sold 3,499 shares of CF Industries stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $125.38, for a total transaction of $438,704.62. Following the completion of the transaction, the vice president owned 31,036 shares in the company, valued at approximately $3,891,293.68. The trade was a 10.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Erik M. Mayer sold 1,500 shares of CF Industries stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $124.69, for a total transaction of $187,035.00. Following the transaction, the vice president owned 6,341 shares of the company's stock, valued at approximately $790,659.29. The trade was a 19.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 10,999 shares of company stock worth $1,381,740. Insiders own 0.51% of the company's stock.

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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