CF Industries Holdings, Inc. $CF Position Lifted by NewEdge Advisors LLC

NewEdge Advisors LLC grew its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 248.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,149 shares of the basic materials company's stock after acquiring an additional 32,193 shares during the period. NewEdge Advisors LLC's holdings in CF Industries were worth $4,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CF. Himension Capital Singapore PTE. LTD. acquired a new position in shares of CF Industries in the 1st quarter worth approximately $25,000. Virtus Advisers LLC bought a new position in CF Industries during the second quarter worth $25,000. Continuum Advisory LLC bought a new position in CF Industries during the second quarter worth $28,000. Keating Financial Advisory Services Inc. acquired a new position in CF Industries in the second quarter worth $29,000. Finally, Altshuler Shaham Ltd boosted its holdings in CF Industries by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company's stock worth $54,000 after purchasing an additional 112 shares during the period. Institutional investors own 93.06% of the company's stock.

CF Industries Stock Down 1.5%

CF stock opened at $131.12 on Tuesday. The stock has a market cap of $19.84 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 0.26 and a beta of 0.40. The firm's 50-day simple moving average is $124.31 and its 200 day simple moving average is $120.04. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the previous year, the business posted $2.37 EPS. CF Industries's revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, sell-side analysts predict that CF Industries Holdings, Inc. will post 13.7 EPS for the current year.

CF Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.8%. This is a positive change from CF Industries's previous quarterly dividend of $0.50. The ex-dividend date was Friday, August 14th. CF Industries's dividend payout ratio (DPR) is presently 17.79%.

Analysts Set New Price Targets

A number of analysts have weighed in on CF shares. HSBC dropped their target price on shares of CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Morgan Stanley lowered their price objective on shares of CF Industries from $135.00 to $115.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 7th. UBS Group increased their price objective on shares of CF Industries from $115.00 to $123.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. The Goldman Sachs Group cut their target price on shares of CF Industries from $133.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, June 23rd. Finally, Weiss Ratings lowered CF Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, CF Industries currently has a consensus rating of "Hold" and an average target price of $116.47.

CF Industries Profile

CF Industries Holdings, Inc is a global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and nitric acid, which are used primarily in agriculture to support crop production. Its industrial products also serve customers in areas such as emissions control, plastics, resins, chemicals and other manufacturing applications.

CF Industries operates production facilities in the United States, Canada and the United Kingdom and supplies agricultural and industrial customers in North America and international markets.

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