Empowered Funds LLC Purchases 14,354 Shares of CF Industries Holdings, Inc. $CF

Key Points

• Empowered Funds LLC increased its ownership in CF Industries Holdings, Inc. by 17.6% during the first quarter, now holding 96,074 shares valued at approximately $7.5 million.
• CF Industries reported earnings of $2.37 per share for the last quarter, exceeding analyst expectations, while the company's revenue increased by 20.2% year-over-year.
• Recent analyst ratings for CF Industries include price targets ranging from $82.00 to $101.00, with the stock currently averaging a "Hold" rating.

Empowered Funds LLC boosted its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 17.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,074 shares of the basic materials company's stock after buying an additional 14,354 shares during the period. Empowered Funds LLC owned approximately 0.06% of CF Industries worth $7,508,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CF. Nations Financial Group Inc. IA ADV boosted its position in CF Industries by 1.3% in the first quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company's stock valued at $682,000 after buying an additional 116 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in CF Industries by 2.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,192 shares of the basic materials company's stock worth $562,000 after acquiring an additional 142 shares during the period. Principal Street Partners LLC increased its holdings in CF Industries by 2.0% in the fourth quarter. Principal Street Partners LLC now owns 7,906 shares of the basic materials company's stock worth $675,000 after purchasing an additional 154 shares in the last quarter. Alps Advisors Inc. increased its stake in CF Industries by 3.5% in the first quarter. Alps Advisors Inc. now owns 4,624 shares of the basic materials company's stock valued at $361,000 after purchasing an additional 158 shares in the last quarter. Finally, Assetmark Inc. raised its stake in CF Industries by 12.6% during the 1st quarter. Assetmark Inc. now owns 1,425 shares of the basic materials company's stock worth $111,000 after buying an additional 159 shares during the period. Institutional investors and hedge funds own 93.06% of the company's stock.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 10,000 shares of CF Industries stock in a transaction on Friday, June 20th. The stock was sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the sale, the executive vice president directly owned 87,923 shares in the company, valued at $8,812,522.29. The trade was a 10.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by insiders.

CF Industries Stock Performance

Shares of CF Industries stock traded down $0.36 during mid-day trading on Friday, hitting $85.78. 1,403,134 shares of the stock were exchanged, compared to its average volume of 2,173,311. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $104.45. The company has a 50-day simple moving average of $89.24 and a 200 day simple moving average of $85.38. The company has a market capitalization of $13.89 billion, a P/E ratio of 11.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22.

CF Industries (NYSE:CF - Get Free Report) last released its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.02. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.CF Industries's quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.30 earnings per share. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. CF Industries's dividend payout ratio (DPR) is currently 26.11%.

Analysts Set New Price Targets

CF has been the subject of several research reports. Morgan Stanley set a $95.00 price target on shares of CF Industries and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Bank of America reiterated an "underperform" rating and set a $82.00 price objective (down from $93.00) on shares of CF Industries in a report on Thursday, August 14th. Wolfe Research cut shares of CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. raised CF Industries from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $75.00 to $92.00 in a report on Tuesday, July 29th. Finally, Wall Street Zen upgraded CF Industries from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CF Industries has a consensus rating of "Hold" and an average 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.