Gotham Asset Management LLC Purchases 79,448 Shares of CF Industries Holdings, Inc. $CF

Key Points

• Gotham Asset Management LLC increased its stake in CF Industries Holdings by 42.3% in the first quarter, now holding 267,465 shares worth approximately $20.9 million.
• The company reported a quarterly earnings per share of $2.37, exceeding analysts' expectations of $2.35, with a 20.2% increase in revenue year-over-year.
• CF Industries declared a quarterly dividend of $0.50 per share, representing an annualized dividend of $2.00, with a yield of 2.4%.

Gotham Asset Management LLC raised its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 42.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 267,465 shares of the basic materials company's stock after buying an additional 79,448 shares during the period. Gotham Asset Management LLC owned about 0.16% of CF Industries worth $20,902,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CF. Curat Global LLC acquired a new stake in shares of CF Industries during the 1st quarter valued at $25,000. Zions Bancorporation National Association UT acquired a new stake in shares of CF Industries during the 1st quarter valued at $27,000. Golden State Wealth Management LLC boosted its stake in shares of CF Industries by 119.8% during the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after buying an additional 206 shares during the period. TCTC Holdings LLC lifted its stake in shares of CF Industries by 114.1% in the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 202 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of CF Industries in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 93.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Bank of America reaffirmed an "underperform" rating and issued a $82.00 price objective (down previously from $93.00) on shares of CF Industries in a research note on Thursday, August 14th. BNP Paribas lowered shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. UBS Group cut their target price on shares of CF Industries from $103.00 to $101.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Wolfe Research downgraded shares of CF Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, June 12th. Finally, Barclays upgraded shares of CF Industries from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $95.00 to $100.00 in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $95.00.

Insider Buying and Selling at CF Industries

In other news, EVP Susan L. Menzel sold 10,000 shares of CF Industries stock in a transaction on Friday, June 20th. The shares were sold at an average price of $100.23, for a total transaction 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 document filed with the SEC, which is available through this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

CF Industries Trading Up 0.2%

CF stock traded up $0.13 during midday trading on Tuesday, reaching $84.63. The company's stock had a trading volume of 2,239,363 shares, compared to its average volume of 2,735,861. 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 cap of $13.71 billion, a PE ratio of 11.05 and a beta of 0.95. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The business's 50-day simple moving average is $89.85 and its 200-day simple moving average is $85.21.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same period last year, the firm earned $2.30 earnings per share. The business's revenue for the quarter was up 20.2% on a year-over-year basis. As a group, sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 15th. CF Industries's dividend payout ratio (DPR) is currently 26.11%.

CF Industries 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.