Ieq Capital LLC Has $2.28 Million Stock Position in CF Industries Holdings, Inc. $CF

Key Points

• Ieq Capital LLC increased its stake in CF Industries Holdings, acquiring 9,040 shares and boosting its holdings by 45%, bringing its total to 29,131 shares worth approximately $2.27 million.
• CF Industries reported a quarterly earnings per share (EPS) of $2.37, exceeding estimates and achieving a 20.2% year-over-year revenue growth.
• The company has initiated a $2 billion stock buyback program, signaling management's confidence in the stock's valuation, with a dividend yield of 2.3%.

Ieq Capital LLC raised its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 45.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 29,131 shares of the basic materials company's stock after acquiring an additional 9,040 shares during the period. Ieq Capital LLC's holdings in CF Industries were worth $2,277,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CF. Pacer Advisors Inc. lifted its stake in CF Industries by 8,352.8% in the 1st quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company's stock valued at $113,422,000 after acquiring an additional 1,434,168 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of CF Industries by 72.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company's stock worth $178,053,000 after purchasing an additional 959,901 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of CF Industries by 29.4% during the 4th quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company's stock worth $239,299,000 after purchasing an additional 637,784 shares during the last quarter. Nuveen LLC acquired a new position in shares of CF Industries during the 1st quarter worth approximately $34,179,000. Finally, Talaria Asset Management Pty Ltd acquired a new position in shares of CF Industries during the 4th quarter worth approximately $28,156,000. Institutional investors own 93.06% of the company's stock.

CF Industries Stock Performance

Shares of CF stock traded up $0.21 during trading on Friday, reaching $84.39. 2,333,014 shares of the company's stock were exchanged, compared to its average volume of 2,610,247. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $13.67 billion, a PE ratio of 11.02 and a beta of 0.95. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. The firm's fifty day moving average price is $90.00 and its 200-day moving average price is $85.13.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $0.02. The firm had revenue of $1.89 billion for 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%.The company's revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.30 EPS. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.50 per share. The ex-dividend date was Friday, August 15th. This represents a $2.00 annualized dividend and a yield of 2.4%. CF Industries's dividend payout ratio (DPR) is presently 26.11%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CF. Morgan Stanley set a $95.00 price target on CF Industries and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Wall Street Zen raised CF Industries from a "hold" rating to a "buy" rating in a research report on Friday. BNP Paribas lowered CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Bank of America reissued an "underperform" rating and set a $82.00 target price (down from $93.00) on shares of CF Industries in a report on Thursday, August 14th. Finally, Scotiabank reissued a "sector perform" rating and set a $82.00 target price (up from $81.00) on shares of CF Industries in a report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $95.00.

Insiders Place Their Bets

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the 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 transaction, the executive vice president owned 87,923 shares in the company, valued at $8,812,522.29. This trade represents a 10.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is owned by insiders.

About CF Industries

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.