CF Industries Holdings, Inc. $CF Stock Position Increased by Wellington Management Group LLP

Key Points

• Wellington Management increased its CF Industries stake by 24.1% in the second quarter, bringing its holdings to 277,635 shares valued at approximately $30.1 million. Institutional investors collectively own 93.06% of the company.
• Analysts maintain a generally cautious outlook, with a consensus rating of “Hold” and an average price target of $116.56, below the stock’s reported opening price of $133.79.
• CF Industries reported quarterly earnings of $4.73 per share, missing estimates of $5.63, although revenue rose 17.6% year over year. The company also raised its quarterly dividend from $0.50 to $0.60 per share, equivalent to a 1.8% yield.

Wellington Management Group LLP raised its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 24.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 277,635 shares of the basic materials company's stock after purchasing an additional 53,991 shares during the period. Wellington Management Group LLP owned 0.18% of CF Industries worth $30,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CF. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of CF Industries by 3.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company's stock worth $306,000 after buying an additional 84 shares during the period. Eley Financial Management Inc increased its position in CF Industries by 0.6% in the 1st quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company's stock valued at $1,787,000 after acquiring an additional 87 shares during the period. Personal CFO Solutions LLC increased its position in CF Industries by 1.1% in the 1st quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company's stock valued at $1,062,000 after acquiring an additional 89 shares during the period. EverSource Wealth Advisors LLC raised its stake in CF Industries by 6.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company's stock valued at $194,000 after acquiring an additional 97 shares in the last quarter. Finally, Altshuler Shaham Ltd raised its stake in CF Industries by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company's stock valued at $54,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 93.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Freedom Broker lowered CF Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 26th. UBS Group increased their target price on shares of CF Industries from $115.00 to $123.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Berenberg Bank raised their target price on shares of CF Industries from $86.00 to $106.00 and gave the company a "hold" rating in a research note on Thursday, May 28th. Wall Street Zen downgraded shares of CF Industries from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. Finally, Canadian Imperial Bank of Commerce reiterated a "neutral" rating and issued a $129.00 price objective on shares of CF Industries in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $116.56.

CF Industries Price Performance

NYSE:CF opened at $133.79 on Friday. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The business's 50-day moving average price is $121.31 and its 200 day moving average price is $118.27. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96. The firm has a market cap of $20.25 billion, a P/E ratio of 9.92, a PEG ratio of 0.27 and a beta of 0.40.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts' consensus estimates of $5.63 by ($0.90). The business 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%. CF Industries's revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.37 earnings per share. As a group, sell-side analysts predict that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, August 14th. This is a positive change from CF Industries's previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. CF Industries's payout ratio is 17.79%.

CF Industries Company 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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