EFG International AG Invests $1.25 Million in CF Industries Holdings, Inc. $CF

Key Points

• EFG International AG purchased 11,527 shares of CF Industries worth approximately $1.25 million during the second quarter. Institutional investors collectively own 93.06% of the company.
• Analysts remain cautious, with the stock carrying a consensus rating of “Hold” and an average price target of $116.56. CF Industries recently missed quarterly earnings and revenue expectations despite year-over-year revenue growth of 17.6%.
• CF Industries increased its quarterly dividend from $0.50 to $0.60 per share, equating to an annualized dividend of $2.40 and a yield of approximately 1.9%.

EFG International AG bought a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,527 shares of the basic materials company's stock, valued at approximately $1,248,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Himension Capital Singapore PTE. LTD. purchased a new position in shares of CF Industries in the 1st quarter worth about $25,000. Virtus Advisers LLC purchased a new stake in shares of CF Industries during the 2nd quarter worth about $25,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of CF Industries during the 2nd quarter worth about $29,000. Hantz Financial Services Inc. increased its position in CF Industries by 46.3% during the 4th 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 in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in CF Industries during the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 93.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CF. Morgan Stanley reduced their price target on shares of CF Industries from $135.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce reissued a "neutral" rating and issued a $129.00 price objective on shares of CF Industries in a research report on Friday, July 24th. The Goldman Sachs Group reduced their target price on shares of CF Industries from $133.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, June 23rd. BNP Paribas Exane cut their price objective on CF Industries from $140.00 to $120.00 and set a "neutral" rating on the stock in a research report on Monday, June 15th. Finally, Berenberg Bank boosted their price objective on CF Industries from $86.00 to $106.00 and gave the stock a "hold" rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $116.56.

CF Industries Price Performance

Shares of NYSE CF opened at $125.71 on Thursday. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The business has a 50 day moving average price of $117.27 and a two-hundred day moving average price of $116.58. 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.

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

CF Industries Increases Dividend

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

About CF Industries

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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