D L Carlson Investment Group Inc. Takes $1.33 Million Position in CF Industries Holdings, Inc. $CF

Key Points

• D L Carlson Investment Group Inc. acquired approximately $1.33 million worth of shares in CF Industries, purchasing 17,067 shares in the first quarter.
• CF Industries has announced a $2.00 billion stock buyback plan and recently declared a quarterly dividend of $0.50 per share, reflecting an annualized yield of 2.3%.
• The company's latest quarterly earnings report showed EPS of $2.37, exceeding analyst expectations and indicating a revenue increase of 20.2% year-over-year.

D L Carlson Investment Group Inc. purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,067 shares of the basic materials company's stock, valued at approximately $1,334,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CreativeOne Wealth LLC raised its position in shares of CF Industries by 11.3% in the first quarter. CreativeOne Wealth LLC now owns 13,142 shares of the basic materials company's stock valued at $1,027,000 after buying an additional 1,335 shares in the last quarter. Ieq Capital LLC raised its position in shares of CF Industries by 45.0% in the first quarter. Ieq Capital LLC now owns 29,131 shares of the basic materials company's stock valued at $2,277,000 after buying an additional 9,040 shares in the last quarter. Talaria Asset Management Pty Ltd raised its position in shares of CF Industries by 77.0% in the first quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company's stock valued at $45,640,000 after buying an additional 254,000 shares in the last quarter. Redwood Investment Management LLC lifted its holdings in shares of CF Industries by 8.0% during the 1st quarter. Redwood Investment Management LLC now owns 47,040 shares of the basic materials company's stock worth $3,676,000 after acquiring an additional 3,486 shares during the period. Finally, Gabelli Funds LLC boosted its position in shares of CF Industries by 13.8% during the 1st quarter. Gabelli Funds LLC now owns 18,155 shares of the basic materials company's stock worth $1,419,000 after acquiring an additional 2,200 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Price Performance

CF stock opened at $86.58 on Wednesday. The company has a 50 day simple moving average of $91.55 and a 200 day simple moving average of $84.99. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 11.30 and a beta of 0.94. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year 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 released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $0.02. The business had revenue of $1.89 billion during 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 quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.30 EPS. Research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 7th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to purchase up to 14.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 15th. CF Industries's dividend payout ratio is currently 26.11%.

Insider Transactions at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 87,923 shares in the company, valued at approximately $8,812,522.29. This represents a 10.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank Of Canada set a $100.00 price objective on shares of CF Industries and gave the company a "sector perform" rating in a research report on Monday, July 14th. Wolfe Research cut CF Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, June 12th. BNP Paribas cut CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Morgan Stanley set a $95.00 target price on CF Industries and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Finally, UBS Group cut their target price on CF Industries from $103.00 to $101.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $95.00.

CF Industries 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.

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