Councilmark Asset Management LLC Purchases Shares of 14,744 CF Industries Holdings, Inc. $CF

Key Points

• Councilmark Asset Management initiated a position in CF Industries by purchasing 14,744 shares valued at approximately $1.6 million. Institutional investors collectively own 93.06% of the company.
• Analysts remain mixed, with CF receiving an average rating of “Hold” and an average price target of $116.56, below its reported opening price of $127.30.
• CF Industries increased its quarterly dividend from $0.50 to $0.60 per share, implying an annualized dividend of $2.40 and a yield of about 1.9%; its latest quarterly earnings and revenue both fell short of analyst expectations.

Councilmark Asset Management LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 14,744 shares of the basic materials company's stock, valued at approximately $1,596,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CF Industries by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company's stock valued at $1,368,000 after buying an additional 518 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of CF Industries by 161.1% in the first quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company's stock valued at $928,000 after buying an additional 7,324 shares during the last quarter. Woodline Partners LP boosted its stake in shares of CF Industries by 40.7% during the first quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company's stock worth $1,149,000 after buying an additional 4,252 shares during the period. Focus Partners Wealth boosted its stake in shares of CF Industries by 21.8% during the first quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company's stock worth $278,000 after buying an additional 638 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of CF Industries by 141.6% during the first quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company's stock worth $62,000 after buying an additional 463 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on CF. UBS Group increased their price objective on CF Industries from $115.00 to $123.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Morgan Stanley cut their price target on CF Industries from $135.00 to $115.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 7th. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating and set a $129.00 price target on shares of CF Industries in a report on Friday, July 24th. BMO Capital Markets lowered their price objective on shares of CF Industries from $140.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 30th. Finally, The Goldman Sachs Group dropped their price objective on shares of CF Industries from $133.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 23rd. Two research 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 company. According to data from MarketBeat.com, CF Industries has an average rating of "Hold" and an average price target of $116.56.

CF Industries Stock Performance

NYSE CF opened at $127.30 on Wednesday. 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 business's 50 day moving average is $116.87 and its two-hundred day moving average is $116.34. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 0.26 and a beta of 0.39.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly 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 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%. The firm's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.37 earnings per share. Research analysts expect that CF Industries Holdings, Inc. will post 13.7 EPS for the current year.

CF Industries Increases Dividend

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