Concentric Capital Strategies LP Acquires Shares of 74,413 CF Industries Holdings, Inc. $CF

Key Points

• Concentric Capital Strategies LP invested approximately $5.82 million in CF Industries Holdings, acquiring 74,413 shares of the company.
• CF Industries posted $2.37 earnings per share (EPS) in its last earnings report, exceeding expectations, with a revenue of $1.89 billion, up 20.2% year-over-year.
• The company declared a quarterly dividend of $0.50 per share, reflecting a 2.4% dividend yield and a payout ratio of 26.11%.

Concentric Capital Strategies LP bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 74,413 shares of the basic materials company's stock, valued at approximately $5,815,000.

Other large investors have also modified their holdings of the company. Nations Financial Group Inc. IA ADV boosted its stake in shares of CF Industries by 1.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company's stock worth $682,000 after purchasing an additional 116 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of CF Industries by 2.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,192 shares of the basic materials company's stock worth $562,000 after acquiring an additional 142 shares during the last quarter. Principal Street Partners LLC boosted its position in shares of CF Industries by 2.0% in the fourth quarter. Principal Street Partners LLC now owns 7,906 shares of the basic materials company's stock worth $675,000 after acquiring an additional 154 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of CF Industries by 3.5% in the first quarter. Alps Advisors Inc. now owns 4,624 shares of the basic materials company's stock worth $361,000 after acquiring an additional 158 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of CF Industries by 12.6% in the first quarter. Assetmark Inc. now owns 1,425 shares of the basic materials company's stock worth $111,000 after acquiring an additional 159 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Susan L. Menzel sold 10,000 shares of CF Industries stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the sale, the executive vice president directly owned 87,923 shares of the company's stock, valued at approximately $8,812,522.29. The trade was a 10.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.71% of the company's stock.

CF Industries Stock Up 0.0%

Shares of NYSE CF traded up $0.04 during trading on Tuesday, reaching $84.54. 978,134 shares of the stock were exchanged, compared to its average volume of 2,728,160. The business's 50-day moving average price is $89.85 and its 200 day moving average price is $85.21. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. 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 company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 11.03 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 EPS for the quarter, topping 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 business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the previous year, the company posted $2.30 earnings per share. The business's revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, equities analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced 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 payout ratio is presently 26.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wolfe Research cut shares of CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. raised CF Industries from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $75.00 to $92.00 in a research report on Tuesday, July 29th. BNP Paribas lowered CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Royal Bank Of Canada set a $100.00 target price on CF Industries and gave the stock a "sector perform" rating in a research report on Monday, July 14th. Finally, Morgan Stanley set a $95.00 price target on shares of CF Industries and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CF Industries has a consensus rating of "Hold" and an average target price of $95.00.

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.