CF Industries Holdings, Inc. $CF Shares Acquired by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management Inc. increased its stake in CF Industries by 53.2%, acquiring an additional 2,976 shares, bringing its total holdings to 8,569 shares valued at $788,000.
• CF Industries reported quarterly earnings of $2.37 per share, surpassing analysts' expectations, with revenue reaching $1.89 billion, up 20.2% year-over-year.
• The company declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend of $2.00 and a yield of 2.4%.

Contravisory Investment Management Inc. boosted its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 53.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,569 shares of the basic materials company's stock after purchasing an additional 2,976 shares during the quarter. Contravisory Investment Management Inc.'s holdings in CF Industries were worth $788,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in CF Industries by 8,352.8% during the first quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company's stock worth $113,422,000 after acquiring an additional 1,434,168 shares during the last quarter. Bank of New York Mellon Corp raised its stake in CF Industries by 72.8% during the first quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company's stock valued at $178,053,000 after buying an additional 959,901 shares in the last quarter. AQR Capital Management LLC raised its position in shares of CF Industries by 113.1% during the 1st quarter. AQR Capital Management LLC now owns 928,701 shares of the basic materials company's stock worth $72,123,000 after purchasing an additional 492,846 shares during the period. Ameriprise Financial Inc. raised its position in shares of CF Industries by 16.8% during the 1st quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company's stock worth $255,977,000 after purchasing an additional 470,746 shares during the period. Finally, Nuveen LLC acquired a new stake in CF Industries in the 1st quarter valued at approximately $34,179,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Up 1.2%

Shares of CF stock traded up $1.05 during mid-day trading on Monday, hitting $86.14. 747,290 shares of the stock traded hands, compared to its average volume of 2,725,210. The stock has a market cap of $13.95 billion, a P/E ratio of 11.25 and a beta of 0.95. The stock's fifty day moving average is $88.01 and its two-hundred day moving average is $85.68. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, beating the consensus estimate 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 EPS. CF Industries's revenue was up 20.2% on a year-over-year basis. Equities analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.50 per share. 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 2.3%. CF Industries's dividend payout ratio (DPR) is presently 26.11%.

Analyst Upgrades and Downgrades

CF has been the subject of several research reports. Morgan Stanley set a $95.00 price objective on CF Industries and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Bank of America restated an "underperform" rating and set a $82.00 target price (down from $93.00) on shares of CF Industries in a report on Thursday, August 14th. Scotiabank reaffirmed a "sector perform" rating and issued a $82.00 price target (up from $81.00) on shares of CF Industries in a research report on Monday, August 11th. HSBC decreased their target price on CF Industries from $104.00 to $95.00 and set a "hold" rating on the stock in a research report on Monday, September 15th. Finally, Zacks Research cut shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.