Connor Clark & Lunn Investment Management Ltd. Invests $9.71 Million in CF Industries Holdings, Inc. $CF

Key Points

• Connor Clark & Lunn Investment Management purchased 89,732 CF Industries shares worth approximately $9.71 million, giving it a 0.06% stake. Institutional investors collectively own 93.06% of the company.
• CF Industries’ latest quarterly results missed estimates, with EPS of $4.73 versus the $5.63 consensus and revenue of $2.22 billion versus $2.45 billion expected, though revenue rose 17.6% year over year.
• The company raised its quarterly dividend from $0.50 to $0.60 per share, equivalent to a $2.40 annualized payout and a 1.9% yield. Analysts maintain a consensus “Hold” rating with a $116.56 target price.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 89,732 shares of the basic materials company's stock, valued at approximately $9,714,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of CF Industries as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CF. Himension Capital Singapore PTE. LTD. bought a new position in CF Industries in the first quarter valued at about $25,000. Virtus Advisers LLC acquired a new stake in shares of CF Industries during the second quarter valued at about $25,000. Keating Financial Advisory Services Inc. bought a new stake in shares of CF Industries during the second quarter worth about $29,000. Hantz Financial Services Inc. grew its holdings in shares of CF Industries by 46.3% during the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company's stock worth $38,000 after purchasing an additional 156 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of CF Industries in the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 93.06% of the company's stock.

CF Industries Stock Performance

CF stock opened at $125.71 on Thursday. The firm has a market cap of $19.02 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $117.27 and a 200-day moving average price of $116.58. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96.

CF Industries (NYSE:CF - Get Free Report) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.37 EPS. As a group, equities research analysts expect that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current year.

CF Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a dividend of $0.60 per share. This is a positive change from CF Industries's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. CF Industries's payout ratio is 17.79%.

Analysts Set New Price Targets

CF has been the subject of a number of research reports. Zacks Research lowered shares of CF Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. JPMorgan Chase & Co. boosted their target price on shares of CF Industries from $94.00 to $115.00 and gave the stock a "neutral" rating in a report on Wednesday, June 3rd. Morgan Stanley decreased their price target on shares of CF Industries from $135.00 to $115.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 7th. Scotiabank raised their price target on shares of CF Industries from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Finally, Weiss Ratings lowered shares of CF Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, CF Industries presently has an average rating of "Hold" and a consensus target price of $116.56.

CF Industries 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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