Kerusso Capital Management LLC Purchases 11,201 Shares of CF Industries Holdings, Inc. $CF

Key Points

• Kerusso Capital Management LLC raised its stake in CF Industries by 31.5%, purchasing 11,201 shares to hold 46,729 shares worth about $3.61 million according to its latest 13F filing.
• Insiders have been net sellers, offloading 82,408 shares worth roughly $9.97 million over the past 90 days, including recent sales by SVP Michael P. McGrane (3,666 shares) and VP Erik M. Mayer (1,500 shares).
• CF posted an EPS beat ($2.59 vs. $2.53) with revenue up 22.8%, pays a $0.50 quarterly dividend (annual $2.00, ~1.6% yield), and several brokers raised price targets (e.g., Morgan Stanley to $135, UBS to $140) while the consensus rating remains a Hold with an average target of $116.87.

Kerusso Capital Management LLC lifted its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 31.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,729 shares of the basic materials company's stock after acquiring an additional 11,201 shares during the period. Kerusso Capital Management LLC's holdings in CF Industries were worth $3,614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CF. Harbor Capital Advisors Inc. increased its position in shares of CF Industries by 78.0% during the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 128 shares in the last quarter. True Wealth Design LLC increased its position in shares of CF Industries by 396.2% during the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 309 shares in the last quarter. Eastern Bank bought a new stake in shares of CF Industries during the third quarter valued at approximately $35,000. Peterson Wealth Services increased its position in shares of CF Industries by 451.3% during the third quarter. Peterson Wealth Services now owns 441 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 361 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of CF Industries during the third quarter valued at approximately $41,000. Institutional investors own 93.06% of the company's stock.

Insider Activity

In other news, SVP Michael Patrick Mcgrane sold 3,666 shares of the business's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $116.50, for a total transaction of $427,089.00. Following the completion of the sale, the senior vice president owned 19,161 shares of the company's stock, valued at $2,232,256.50. The trade was a 16.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Erik M. Mayer sold 1,500 shares of the business's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $124.69, for a total transaction of $187,035.00. Following the sale, the vice president directly owned 6,341 shares of the company's stock, valued at approximately $790,659.29. The trade was a 19.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 82,408 shares of company stock worth $9,971,298. Company insiders own 0.51% of the company's stock.

CF Industries Trading Up 2.6%

NYSE:CF opened at $125.64 on Friday. The company has a current ratio of 3.37, a quick ratio of 2.93 and a debt-to-equity ratio of 0.41. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a market cap of $19.30 billion, a PE ratio of 13.96 and a beta of 0.52. The company has a 50 day simple moving average of $116.89 and a two-hundred day simple moving average of $95.36.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.06. CF Industries had a net margin of 20.54% and a return on equity of 19.84%. The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.78 billion. During the same quarter last year, the company posted $1.89 EPS. The company's revenue was up 22.8% compared to the same quarter last year. Research analysts forecast that CF Industries Holdings, Inc. will post 10.78 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. CF Industries's payout ratio is presently 22.22%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CF. Morgan Stanley raised their price target on shares of CF Industries from $95.00 to $135.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 8th. The Goldman Sachs Group raised their price target on shares of CF Industries from $103.00 to $132.00 and gave the company a "neutral" rating in a research report on Tuesday, April 14th. Canadian Imperial Bank of Commerce raised their price target on shares of CF Industries from $100.00 to $118.00 and gave the company a "neutral" rating in a research report on Tuesday, March 17th. UBS Group raised their price target on shares of CF Industries from $97.00 to $140.00 and gave the company a "neutral" rating in a research report on Thursday, March 26th. Finally, Zacks Research downgraded shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $116.87.

CF Industries Company Profile

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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