Korea Investment CORP Invests $8.84 Million in CF Industries Holdings, Inc. $CF

Key Points

• Korea Investment CORP acquired 81,639 shares of CF Industries worth approximately $8.84 million in the second quarter, joining other institutional investors that recently established or increased positions. Institutions now own about 93.06% of the company.
• CF Industries reported quarterly earnings of $4.73 per share and revenue of $2.22 billion, both below analyst expectations, although revenue increased 17.6% year over year.
• The company raised its quarterly dividend from $0.50 to $0.60 per share, equating to an annualized dividend of $2.40 and a 1.9% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $116.56.

Korea Investment CORP bought a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 81,639 shares of the basic materials company's stock, valued at approximately $8,838,000. Korea Investment CORP owned approximately 0.05% of CF Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in CF Industries during the fourth quarter valued at approximately $11,556,000. S&CO Inc. purchased a new position in shares of CF Industries during the second quarter worth approximately $2,630,000. Teamwork Financial Advisors LLC bought a new stake in shares of CF Industries in the 2nd quarter worth approximately $10,108,000. AIA Group Ltd purchased a new stake in shares of CF Industries in the 1st quarter valued at $3,428,000. Finally, Twin Capital Management Inc. purchased a new stake in shares of CF Industries in the 4th quarter valued at $714,000. Institutional investors own 93.06% of the company's stock.

CF Industries Stock Down 0.2%

Shares of NYSE CF opened at $129.31 on Tuesday. The firm's fifty day moving average is $116.44 and its 200 day moving average is $116.11. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The company has a market cap of $19.57 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.26 and a beta of 0.39.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the business posted $2.37 earnings per share. CF Industries's quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts expect that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current year.

CF Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid 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 dividend on an annualized basis and a yield of 1.9%. CF Industries's payout ratio is 17.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Freedom Capital upgraded shares of CF Industries from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 18th. Royal Bank Of Canada cut their price target on shares of CF Industries from $125.00 to $115.00 and set a "sector perform" rating for the company in a research report on Friday, July 17th. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating and set a $129.00 price objective on shares of CF Industries in a research note on Friday, July 24th. Wall Street Zen downgraded CF Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Finally, BMO Capital Markets lowered their target price on CF Industries from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Tuesday, June 30th. Two equities 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $116.56.

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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