OMERS ADMINISTRATION Corp Acquires 6,679 Shares of CF Industries Holdings, Inc. $CF

Key Points

• OMERS ADMINISTRATION Corp increased its stake in CF Industries by 29% during the first quarter, owning nearly 30,000 shares valued at approximately $2.32 million.
• CF Industries recently declared a quarterly dividend of $0.50 per share, representing an annual yield of 2.3% and a dividend payout ratio of 26.11%.
• Equity analysts have shown mixed sentiments towards CF Industries, with Barclays upgrading it to "overweight", while other firms have adjusted their price targets, reflecting varying outlooks on the stock's performance.

OMERS ADMINISTRATION Corp lifted its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 29.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,712 shares of the basic materials company's stock after buying an additional 6,679 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in CF Industries were worth $2,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Curat Global LLC purchased a new stake in shares of CF Industries in the 1st quarter worth about $25,000. Zions Bancorporation National Association UT purchased a new stake in CF Industries during the 1st quarter valued at about $27,000. Golden State Wealth Management LLC grew its position in 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 purchasing an additional 206 shares during the last quarter. TCTC Holdings LLC lifted its stake in CF Industries by 114.1% during the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 202 shares during the period. Finally, Heck Capital Advisors LLC bought a new position in CF Industries during the 4th quarter valued at about $34,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CF Industries

In related news, EVP Susan L. Menzel sold 10,000 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 87,923 shares of the company's stock, valued at approximately $8,812,522.29. This trade represents a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.42% of the company's stock.

Wall Street Analyst Weigh In

CF has been the topic of several research analyst reports. Wolfe Research cut shares of CF Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, June 12th. UBS Group lowered their target price on shares of CF Industries from $103.00 to $101.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. BNP Paribas cut shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Bank of America restated an "underperform" rating and set a $82.00 target price (down previously from $93.00) on shares of CF Industries in a research note on Thursday, August 14th. Finally, Wall Street Zen cut shares of CF Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $95.00.

CF Industries Price Performance

Shares of CF stock traded down $1.18 on Thursday, reaching $83.59. The company's stock had a trading volume of 2,101,955 shares, compared to its average volume of 2,736,001. The stock's fifty day simple moving average is $90.27 and its 200-day simple moving average is $85.10. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 10.90 and a beta of 0.95.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share 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 during the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the firm posted $2.30 earnings per share. CF Industries's revenue for the quarter was up 20.2% compared to the same quarter last year. 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 has approved a stock repurchase program on Wednesday, May 7th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the basic materials company to repurchase up to 14.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

CF Industries Dividend Announcement

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

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.