MassMutual Private Wealth & Trust FSB Buys 149,447 Shares of CF Industries Holdings, Inc. $CF

Key Points

• MassMutual Private Wealth & Trust FSB increased its CF Industries stake by 20,006.3% in the third quarter, buying 149,447 shares for a total holding of 150,194 shares valued at approximately $19.0 million.
• Analysts maintain a mixed outlook, with CF Industries receiving a consensus “Hold” rating and an average price target of $121.11, compared with the stock’s reported price of $115.04.
• CF Industries reported quarterly earnings and revenue below analyst expectations, but revenue rose 17.6% year over year; the company also increased its quarterly dividend to $0.60 per share, representing a 2.1% yield.

MassMutual Private Wealth & Trust FSB grew its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 20,006.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,194 shares of the basic materials company's stock after purchasing an additional 149,447 shares during the period. MassMutual Private Wealth & Trust FSB owned approximately 0.10% of CF Industries worth $19,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. S&CO Inc. acquired a new stake in shares of CF Industries in the 2nd quarter worth $2,630,000. Teamwork Financial Advisors LLC acquired a new stake in CF Industries during the second quarter worth about $10,108,000. Saudi Central Bank grew its stake in shares of CF Industries by 86.8% in the 2nd quarter. Saudi Central Bank now owns 10,753 shares of the basic materials company's stock valued at $1,164,000 after buying an additional 4,996 shares during the period. Deane Retirement Strategies Inc. grew its stake in shares of CF Industries by 27.1% in the 2nd quarter. Deane Retirement Strategies Inc. now owns 62,022 shares of the basic materials company's stock valued at $6,708,000 after buying an additional 13,220 shares during the period. Finally, AIA Group Ltd acquired a new stake in shares of CF Industries during the 1st quarter worth approximately $3,428,000. Institutional investors and hedge funds own 93.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. HSBC decreased their price objective on CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Rothschild & Co Redburn upgraded CF Industries from a "sell" rating to a "neutral" rating and increased their price target for the stock from $98.00 to $110.00 in a report on Monday, September 28th. Weiss Ratings raised CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, September 16th. Wall Street Zen lowered shares of CF Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Finally, UBS Group upped their target price on shares of CF Industries from $115.00 to $123.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $121.11.

CF Industries Stock Up 0.0%

NYSE:CF opened at $115.04 on Monday. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The stock's fifty day moving average is $124.60 and its two-hundred day moving average is $121.02. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 0.22 and a beta of 0.53. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36.

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 net margin of 27.12% and a return on equity of 24.41%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the firm posted $2.37 earnings per share. The company's quarterly revenue was up 17.6% compared to the same quarter last year. Research analysts anticipate that CF Industries Holdings, Inc. will post 13.9 EPS for the current year.

CF Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were paid a $0.60 dividend. The ex-dividend date of this dividend was 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 2.1%. CF Industries's payout ratio is 17.79%.

CF Industries Profile

CF Industries Holdings, Inc NYSE: CF is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.