Insight Wealth Strategies LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 54,832 shares of the basic materials company's stock, valued at approximately $5,931,000.
Several other institutional investors also recently made changes to their positions in CF. Tema ETFs LLC increased its holdings in shares of CF Industries by 9.4% in the 2nd quarter. Tema ETFs LLC now owns 5,051 shares of the basic materials company's stock valued at $547,000 after purchasing an additional 435 shares in the last quarter. E. Ohman J or Asset Management AB boosted its holdings in CF Industries by 73.7% during the second quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the basic materials company's stock worth $715,000 after buying an additional 2,800 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in CF Industries during the second quarter worth about $65,000. Deane Retirement Strategies Inc. boosted its holdings in CF Industries by 27.1% during the second quarter. Deane Retirement Strategies Inc. now owns 62,022 shares of the basic materials company's stock worth $6,708,000 after buying an additional 13,220 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in CF Industries during the second quarter worth about $341,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Zacks Research lowered CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 15th. HSBC dropped their price objective on shares of CF Industries from $130.00 to $121.00 in a research note on Wednesday, June 17th. JPMorgan Chase & Co. increased their price objective on shares of CF Industries from $94.00 to $115.00 and gave the stock a "neutral" rating in a report on Wednesday, June 3rd. UBS Group raised their target price on shares of CF Industries from $115.00 to $123.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, BMO Capital Markets lowered their target price on shares of CF Industries from $140.00 to $135.00 and set an "outperform" rating for the company in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $116.56.
Check Out Our Latest Stock Analysis on CF
CF Industries Stock Performance
Shares of CF stock opened at $117.78 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 company has a market cap of $17.82 billion, a PE ratio of 8.73 and a beta of 0.39. The company's fifty day simple moving average is $114.46 and its 200-day simple moving average is $114.21. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96.
CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts' consensus estimates of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.45 billion. During the same period last year, the company posted $2.37 earnings per share. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities research analysts anticipate that CF Industries Holdings, Inc. will post 15.53 EPS for the current year.
CF Industries Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.60 dividend. The ex-dividend date of this dividend 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 dividend yield of 2.0%. CF Industries's dividend payout ratio (DPR) is currently 14.83%.
CF Industries Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding CF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CF Industries Holdings, Inc. (NYSE:CF - Free Report).
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