Bryce Point Capital LLC Takes Position in CF Industries Holdings, Inc. (NYSE:CF)

Key Points

• Bryce Point Capital LLC acquired a new stake in CF Industries Holdings, purchasing 10,785 shares valued at approximately $859,000 in the 1st quarter.
• CF Industries reported earnings of $1.85 per share, exceeding expectations, and has announced a $2.00 billion stock repurchase program, indicating confidence in undervaluation.
• The company declared a quarterly dividend of $0.50 per share with a dividend yield of 2.14%, set to be paid on August 29th.

Bryce Point Capital LLC purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,785 shares of the basic materials company's stock, valued at approximately $859,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC raised its holdings in shares of CF Industries by 28.3% in the first quarter. LPL Financial LLC now owns 67,789 shares of the basic materials company's stock worth $5,298,000 after acquiring an additional 14,965 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in CF Industries in the first quarter valued at $235,000. Empirical Finance LLC increased its stake in CF Industries by 3.9% in the first quarter. Empirical Finance LLC now owns 6,880 shares of the basic materials company's stock valued at $538,000 after purchasing an additional 260 shares during the last quarter. TD Asset Management Inc increased its stake in CF Industries by 21.3% in the first quarter. TD Asset Management Inc now owns 183,749 shares of the basic materials company's stock valued at $14,360,000 after purchasing an additional 32,274 shares during the last quarter. Finally, Mediolanum International Funds Ltd increased its stake in CF Industries by 18.7% in the first quarter. Mediolanum International Funds Ltd now owns 101,067 shares of the basic materials company's stock valued at $7,822,000 after purchasing an additional 15,899 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Susan L. Menzel sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $100.23, for a total value of $1,002,300.00. Following the sale, the executive vice president directly owned 87,923 shares in the company, valued at $8,812,522.29. This trade represents a 10.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CF shares. Barclays upped their price target on CF Industries from $91.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Royal Bank Of Canada set a $100.00 price target on CF Industries and gave the stock a "sector perform" rating in a research note on Monday, July 14th. Wells Fargo & Company upped their target price on CF Industries from $105.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. UBS Group upped their target price on CF Industries from $82.00 to $103.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, BNP Paribas raised CF Industries to a "strong-buy" rating in a research report on Wednesday, April 9th. Twelve equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $95.71.

CF Industries Stock Performance

NYSE:CF traded up $0.19 during trading hours on Thursday, reaching $92.83. 748,991 shares of the stock were exchanged, compared to its average volume of 2,710,525. The company has a quick ratio of 2.22, a current ratio of 2.59 and a debt-to-equity ratio of 0.41. The firm has a 50 day simple moving average of $93.99 and a 200-day simple moving average of $85.79. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The stock has a market capitalization of $15.74 billion, a P/E ratio of 12.23 and a beta of 0.96.

CF Industries (NYSE:CF - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.38. CF Industries had a return on equity of 17.39% and a net margin of 21.80%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business posted $1.03 EPS. CF Industries's quarterly revenue was up 13.1% compared to the same quarter last year. As a group, sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

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

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, August 15th. CF Industries's payout ratio is 26.35%.

About CF Industries

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.