Canada Pension Plan Investment Board Takes Position in CF Industries Holdings, Inc. $CF

Key Points

• Canada Pension Plan Investment Board acquired 90,300 CF Industries shares worth approximately $9.8 million, while institutional investors collectively own 93.06% of the company.
• CF Industries and partners broke ground on the roughly $3.7 billion Blue Point One low-carbon ammonia plant in Louisiana, targeting annual production of 1.4 million metric tons by 2029.
• Analysts maintain a consensus “Hold” rating with an average price target of $116.56; the company recently missed quarterly earnings and revenue estimates but raised its quarterly dividend to $0.60 per share.

Canada Pension Plan Investment Board bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 90,300 shares of the basic materials company's stock, valued at approximately $9,776,000. Canada Pension Plan Investment Board owned approximately 0.06% of CF Industries as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Himension Capital Singapore PTE. LTD. acquired a new position in CF Industries during the first quarter worth $25,000. Virtus Advisers LLC purchased a new stake in shares of CF Industries in the second quarter valued at about $25,000. Keating Financial Advisory Services Inc. acquired a new stake in CF Industries during the second quarter worth about $29,000. Hantz Financial Services Inc. raised its stake in CF Industries by 46.3% during the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company's stock worth $38,000 after purchasing an additional 156 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in CF Industries during the second quarter worth about $44,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries News Roundup

Here are the key news stories impacting CF Industries this week:

• Positive Sentiment: CF Industries and its partners broke ground on the roughly $3.7 billion Blue Point One low-carbon ammonia plant in Louisiana. The project is designed to produce approximately 1.4 million metric tons annually, with production targeted for 2029. It could strengthen domestic fertilizer supply while positioning CF in the emerging lower-carbon ammonia market. CF Industries and Partners Break Ground on Low-Carbon Ammonia Plant
• Positive Sentiment: Investor Kevin Simpson disclosed that he is buying more CF Industries, describing the fertilizer producer as an attractive way to participate in U.S. reindustrialization. His endorsement may support sentiment around CF’s valuation, domestic manufacturing exposure and expected demand for nitrogen products. Kevin Simpson is buying this play on America's reindustrialization at a very attractive price
• Positive Sentiment: Coverage contrasted CF’s progress with setbacks affecting Woodside’s blue-ammonia project, highlighting CF’s ability to advance its own lower-carbon ammonia strategy. Woodside blue ammonia plant stumbles, though CF moves ahead
• Neutral Sentiment: The Louisiana project represents a major multiyear capital commitment, so investors will likely monitor construction costs, financing, regulatory support and whether low-carbon ammonia demand develops as expected before the planned 2029 startup. CF Industries and partners break ground on Louisiana ammonia plant

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Morgan Stanley dropped their price target on shares of CF Industries from $135.00 to $115.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 7th. Weiss Ratings lowered shares of CF Industries from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, August 21st. Bank of America upped their price objective on CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. The Goldman Sachs Group lowered their price objective on CF Industries from $133.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. raised their target price on CF Industries from $94.00 to $115.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, CF Industries has a consensus rating of "Hold" and an average price target of $116.56.

CF Industries Price Performance

CF stock opened at $125.75 on Friday. The business's fifty day moving average price is $118.18 and its 200 day moving average price is $116.87. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The company has a market capitalization of $19.03 billion, a PE ratio of 9.32, a P/E/G ratio of 0.25 and a beta of 0.39. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF - Get Free Report) last released its earnings results 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 firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The business's revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.37 earnings per share. On average, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 13.7 EPS for the current year.

CF Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from CF Industries's previous quarterly dividend of $0.50. CF Industries's payout ratio is currently 17.79%.

CF Industries 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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