Brookwood Investment Group LLC Invests $225,000 in CF Industries Holdings, Inc. (NYSE:CF)

Key Points

• Brookwood Investment Group LLC has invested approximately $225,000 in CF Industries Holdings, acquiring 2,882 shares of the company's stock.
• CF Industries recently reported quarterly earnings of $1.85 per share, surpassing analysts' expectations of $1.47, with revenue increasing by 13.1% compared to the previous year.
• The firm has authorized a $2.00 billion share repurchase plan, indicating management's belief that the stock is undervalued.

Brookwood Investment Group LLC purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,882 shares of the basic materials company's stock, valued at approximately $225,000.

A number of other large investors also recently made changes to their positions in CF. Norges Bank bought a new stake in shares of CF Industries in the 4th quarter valued at $131,350,000. Bank of New York Mellon Corp increased its holdings in CF Industries by 72.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company's stock worth $178,053,000 after purchasing an additional 959,901 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in CF Industries by 29.4% during the 4th quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company's stock worth $239,299,000 after purchasing an additional 637,784 shares in the last quarter. FMR LLC increased its holdings in CF Industries by 6.6% during the 4th quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock worth $753,429,000 after purchasing an additional 543,876 shares in the last quarter. Finally, Talaria Asset Management Pty Ltd bought a new position in CF Industries during the 4th quarter worth about $28,156,000. Institutional investors and hedge funds own 93.06% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Scotiabank upgraded CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 target price for the company in a report on Wednesday, April 9th. UBS Group increased their target price on CF Industries from $82.00 to $103.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wells Fargo & Company increased their target price on CF Industries from $105.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Royal Bank Of Canada set a $100.00 target price on CF Industries and gave the stock a "sector perform" rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. upgraded shares of CF Industries from an "underweight" rating to a "neutral" rating and raised their target price for the company from $75.00 to $92.00 in a research note on Tuesday. Twelve investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $95.71.

CF Industries Stock Performance

Shares of CF traded down $1.39 during mid-day trading on Wednesday, hitting $93.52. 402,986 shares of the company's stock were exchanged, compared to its average volume of 2,712,573. The stock's 50-day simple moving average is $93.93 and its 200-day simple moving average is $85.74. The firm has a market cap of $15.86 billion, a price-to-earnings ratio of 12.32 and a beta of 0.96. The company has a quick ratio of 2.22, a current ratio of 2.59 and a debt-to-equity ratio of 0.41. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.38. The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.53 billion. CF Industries had a net margin of 21.80% and a return on equity of 17.39%. The firm's quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. On average, equities research analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.14%. CF Industries's dividend payout ratio (DPR) is 26.35%.

CF Industries declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 7th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the basic materials company to purchase up to 14.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Insider Transactions at CF Industries

In related news, EVP Susan L. Menzel sold 10,000 shares of CF Industries stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $100.23, for a total value of $1,002,300.00. Following the transaction, the executive vice president directly owned 87,923 shares of the company's stock, valued at $8,812,522.29. This trade represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.71% of the stock is owned by company insiders.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.