CF Industries Holdings, Inc. $CF Stock Bought by Cottage Street Advisors LLC

Key Points

• Cottage Street Advisors increased its CF Industries stake by 67.9% in the third quarter, bringing its holdings to 29,938 shares valued at approximately $3.6 million. Institutional investors and hedge funds collectively own 93.06% of the company.
• CF Industries reported quarterly EPS of $4.73, below the $5.63 analyst consensus, while revenue rose 17.6% year over year to $2.22 billion. Analysts expect full-year EPS of approximately $13.90.
• The company declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a 2.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $121.11, near the stock’s reported $120.90 price.

Cottage Street Advisors LLC raised its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 67.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,938 shares of the basic materials company's stock after buying an additional 12,104 shares during the quarter. CF Industries comprises about 1.3% of Cottage Street Advisors LLC's portfolio, making the stock its 21st biggest holding. Cottage Street Advisors LLC's holdings in CF Industries were worth $3,589,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CF. BlackRock Inc. acquired a new position in CF Industries during the second quarter worth about $1,410,607,000. Bank of New York Mellon Corp purchased a new position in CF Industries in the 2nd quarter worth approximately $198,857,000. Bank of America Corp DE acquired a new position in shares of CF Industries during the 2nd quarter worth approximately $186,353,000. Deutsche Bank AG acquired a new position in shares of CF Industries during the 2nd quarter worth approximately $157,850,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of CF Industries by 407.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,352,013 shares of the basic materials company's stock worth $170,136,000 after purchasing an additional 1,085,612 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Stock Performance

Shares of CF Industries stock opened at $120.90 on Monday. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The company has a market cap of $18.30 billion, a PE ratio of 8.96, a P/E/G ratio of 0.23 and a beta of 0.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. The business has a 50-day simple moving average of $123.78 and a 200-day simple moving average of $120.19.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing analysts' consensus estimates of $5.63 by ($0.90). The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The company's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.37 earnings per share. On average, equities research analysts forecast that CF Industries Holdings, Inc. will post 13.90 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. CF Industries's dividend payout ratio (DPR) is currently 17.79%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Royal Bank Of Canada reduced their target price on shares of CF Industries from $125.00 to $115.00 and set a "sector perform" rating on the stock in a research note on Friday, July 17th. Sanford C. Bernstein initiated coverage on CF Industries in a research report on Friday, September 25th. They issued an "outperform" rating and a $162.00 target price on the stock. Scotiabank raised their price target on CF Industries from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce restated a "neutral" rating and set a $129.00 price target on shares of CF Industries in a research report on Friday, July 24th. Finally, Morgan Stanley cut their price objective on CF Industries from $135.00 to $115.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, CF Industries presently has an average rating of "Hold" and a consensus price target of $121.11.

CF Industries Company Profile

CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.

The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.

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