CF Industries Holdings, Inc. $CF Shares Bought by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC has significantly increased its stake in CF Industries Holdings, owning approximately $6.85 million worth of shares after a 143.5% increase during the 1st quarter.
• CF Industries reported a 20.2% year-over-year increase in quarterly revenue, totaling $1.89 billion, and earned $2.37 EPS, slightly beating analysts' expectations.
• The company declared a quarterly dividend of $0.50 per share, yielding 2.3% annually, with a payout ratio of 26.11%.

Intech Investment Management LLC raised its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 143.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,642 shares of the basic materials company's stock after purchasing an additional 51,644 shares during the quarter. Intech Investment Management LLC owned 0.05% of CF Industries worth $6,849,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Focus Partners Wealth boosted its stake in shares of CF Industries by 21.8% in the first quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company's stock worth $278,000 after buying an additional 638 shares during the last quarter. Bayforest Capital Ltd lifted its holdings in CF Industries by 103.5% in the first quarter. Bayforest Capital Ltd now owns 3,223 shares of the basic materials company's stock valued at $252,000 after acquiring an additional 1,639 shares during the period. Woodline Partners LP boosted its position in CF Industries by 40.7% in the 1st quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company's stock worth $1,149,000 after purchasing an additional 4,252 shares in the last quarter. Empowered Funds LLC boosted its position in CF Industries by 17.6% in the 1st quarter. Empowered Funds LLC now owns 96,074 shares of the basic materials company's stock worth $7,508,000 after purchasing an additional 14,354 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in shares of CF Industries during the 1st quarter worth approximately $324,000. Hedge funds and other institutional investors own 93.06% of the company's stock.

Insider Activity at CF Industries

In related 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 value of $1,002,300.00. Following the completion of the transaction, the executive vice president directly owned 87,923 shares of the company's stock, valued at approximately $8,812,522.29. This represents a 10.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CF. JPMorgan Chase & Co. raised shares of CF Industries from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $75.00 to $92.00 in a report on Tuesday, July 29th. Zacks Research downgraded shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Wolfe Research cut CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. Wells Fargo & Company cut their price target on CF Industries from $108.00 to $101.00 and set an "overweight" rating for the company in a research note on Monday, August 11th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $95.00.

CF Industries Price Performance

Shares of CF stock traded down $0.36 on Friday, reaching $85.78. 1,403,134 shares of the company were exchanged, compared to its average volume of 2,122,022. 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 quick ratio of 2.84 and a current ratio of 3.22. The business has a 50-day moving average price of $89.24 and a 200 day moving average price of $85.43. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 11.20 and a beta of 0.95.

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

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 15th. CF Industries's payout ratio is presently 26.11%.

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.