Magnetar Financial LLC Invests $547,000 in CF Industries Holdings, Inc. $CF

Key Points

• Magnetar Financial LLC has acquired a new stake in CF Industries Holdings, Inc., purchasing 7,005 shares valued at approximately $547,000 during the first quarter.
• CF Industries reported a net margin of 20.19% and revenue of $1.89 billion for the last quarter, beating analyst estimates and showing a year-over-year revenue increase of 20.2%.
• The company announced a quarterly dividend of $0.50 per share and initiated a share repurchase program to buy back $2.00 billion of its outstanding shares, indicating confidence in its stock value.

Magnetar Financial LLC purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,005 shares of the basic materials company's stock, valued at approximately $547,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CF. QRG Capital Management Inc. grew its holdings in shares of CF Industries by 21.8% in the first quarter. QRG Capital Management Inc. now owns 14,356 shares of the basic materials company's stock worth $1,122,000 after acquiring an additional 2,572 shares during the period. Golden State Wealth Management LLC boosted its position in CF Industries by 119.8% in the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock worth $30,000 after purchasing an additional 206 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of CF Industries by 1,497.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 109,240 shares of the basic materials company's stock valued at $8,537,000 after purchasing an additional 102,401 shares during the period. Talaria Asset Management Pty Ltd increased its position in shares of CF Industries by 77.0% during the 1st quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company's stock valued at $45,640,000 after purchasing an additional 254,000 shares during the last quarter. Finally, Sarasin & Partners LLP bought a new position in shares of CF Industries in the 1st quarter worth approximately $1,716,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Price Performance

Shares of NYSE CF traded up $0.21 during midday trading on Friday, reaching $84.39. 2,333,014 shares of the stock traded hands, compared to its average volume of 2,610,247. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. 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 one year low of $67.34 and a one year high of $104.45. The company's 50 day moving average is $90.00 and its 200 day moving average is $85.13.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The company's quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.30 EPS. On average, equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

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

Insiders Place Their Bets

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president directly owned 87,923 shares of the company's stock, valued at $8,812,522.29. The trade was a 10.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CF has been the subject of several recent research reports. Morgan Stanley set a $95.00 target price on shares of CF Industries and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Bank of America reiterated an "underperform" rating and set a $82.00 price target (down previously from $93.00) on shares of CF Industries in a research note on Thursday, August 14th. Zacks Research downgraded CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. JPMorgan Chase & Co. raised shares of CF Industries from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $75.00 to $92.00 in a report on Tuesday, July 29th. Finally, Wells Fargo & Company dropped their price target on shares of CF Industries from $108.00 to $101.00 and set an "overweight" rating for the company in a research report on Monday, August 11th. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, CF Industries currently has an average rating of "Hold" and an average price target of $95.00.

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.