MBB Public Markets I LLC Invests $324,000 in CF Industries Holdings, Inc. $CF

Key Points

• MBB Public Markets I LLC acquired a new position in CF Industries Holdings, Inc., buying 4,149 shares valued at approximately $324,000 in the first quarter.
• CF Industries reported record revenue of $1.89 billion in its latest quarterly earnings, surpassing estimates and reflecting a 20.2% increase year-over-year.
• The company's dividend yield is currently 2.4%, with a quarterly dividend of $0.50 paid to stockholders on record as of August 15th.

MBB Public Markets I LLC purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,149 shares of the basic materials company's stock, valued at approximately $324,000.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of CF Industries by 8,352.8% in the 1st quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company's stock worth $113,422,000 after purchasing an additional 1,434,168 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in CF Industries by 72.8% in the first quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company's stock valued at $178,053,000 after buying an additional 959,901 shares during the period. AQR Capital Management LLC boosted its holdings in CF Industries by 113.1% during the first quarter. AQR Capital Management LLC now owns 928,701 shares of the basic materials company's stock worth $72,123,000 after buying an additional 492,846 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of CF Industries by 16.8% during the 1st quarter. Ameriprise Financial Inc. now owns 3,275,464 shares of the basic materials company's stock worth $255,977,000 after buying an additional 470,746 shares during the period. Finally, Nuveen LLC acquired a new position in shares of CF Industries during the 1st quarter worth about $34,179,000. Institutional investors and hedge funds own 93.06% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CF. 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 downgraded shares of CF Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, June 12th. UBS Group cut their target price on shares of CF Industries from $103.00 to $101.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. JPMorgan Chase & Co. raised shares of CF Industries from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $75.00 to $92.00 in a report on Tuesday, July 29th. Finally, Wells Fargo & Company lowered their price objective 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 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $95.00.

CF Industries Stock Down 0.4%

CF traded down $0.36 during trading on Friday, reaching $85.78. The company had a trading volume of 1,403,134 shares, compared to its average volume of 2,122,022. The company has a market cap of $13.89 billion, a P/E ratio of 11.20 and a beta of 0.95. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $104.45. 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 business's fifty day moving average price is $89.24 and its 200 day moving average price is $85.43.

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

CF Industries Announces Dividend

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

Insider Buying and Selling at CF Industries

In related news, EVP Susan L. Menzel sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 87,923 shares in the company, valued at approximately $8,812,522.29. This trade represents a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.71% of the stock is owned by corporate insiders.

CF Industries Company 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.