Corient IA LLC Makes New $313,000 Investment in CF Industries Holdings, Inc. $CF

Key Points

• Corient IA LLC made a new investment of $313,000 in CF Industries Holdings, purchasing 4,000 shares in the process, as stated in its recent 13F filing with the SEC.
• CF Industries' earnings report showed EPS of $2.37, surpassing the consensus estimate by $0.02, with revenues of $1.89 billion for the quarter, up 20.2% year-over-year.
• The company has authorized a $2 billion stock repurchase program, which allows it to buy back up to 14.7% of its outstanding shares, signaling confidence in the company's valuation.

Corient IA LLC purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,000 shares of the basic materials company's stock, valued at approximately $313,000.

Other hedge funds have also made changes to their positions in the company. Curat Global LLC bought a new stake in shares of CF Industries in the first quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new stake in shares of CF Industries in the first quarter valued at about $27,000. Golden State Wealth Management LLC lifted its stake in shares of CF Industries by 119.8% in the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after buying an additional 206 shares during the period. TCTC Holdings LLC lifted its stake in shares of CF Industries by 114.1% in the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock valued at $30,000 after buying an additional 202 shares during the period. Finally, Heck Capital Advisors LLC bought a new stake in shares of CF Industries in the fourth quarter valued at about $34,000. Institutional investors own 93.06% of the company's stock.

CF Industries Trading Up 0.1%

Shares of CF stock traded up $0.06 on Friday, hitting $86.42. The stock had a trading volume of 1,627,831 shares, compared to its average volume of 2,754,548. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. The firm has a market cap of $14.00 billion, a P/E ratio of 11.28 and a beta of 0.94. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average price of $92.43 and a two-hundred day moving average price of $85.04.

CF Industries (NYSE:CF - Get Free Report) last posted 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. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The firm's revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.30 EPS. As a group, analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries announced that its Board of Directors has approved a stock repurchase program on Wednesday, May 7th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to repurchase up to 14.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 15th. CF Industries's payout ratio is currently 26.11%.

Insider Buying and Selling

In related news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $100.23, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CF shares. Barclays upgraded shares of CF Industries from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $95.00 to $100.00 in a research note on Wednesday, August 13th. Wall Street Zen cut shares of CF Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group cut their target price on shares of CF Industries from $103.00 to $101.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Wolfe Research cut shares of CF Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada set a $100.00 target price on shares of CF Industries and gave the company a "sector perform" rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.