NewEdge Advisors LLC Buys 6,776 Shares of CF Industries Holdings, Inc. $CF

Key Points

• NewEdge Advisors LLC increased its stake in CF Industries Holdings, Inc. by 54%, owning 19,324 shares valued at approximately $1.51 million after acquiring an additional 6,776 shares during the first quarter.
• CF Industries reported a 20.2% increase in quarterly revenue year-over-year, totaling $1.89 billion, and its earnings per share (EPS) of $2.37 exceeded analyst expectations.
• The company recently declared a quarterly dividend of $0.50 per share, reflecting an annualized dividend yield of 2.3% and a payout ratio of 26.11%.

NewEdge Advisors LLC increased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 54.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,324 shares of the basic materials company's stock after purchasing an additional 6,776 shares during the period. NewEdge Advisors LLC's holdings in CF Industries were worth $1,510,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CF. Nations Financial Group Inc. IA ADV lifted its holdings in CF Industries by 1.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company's stock worth $682,000 after acquiring an additional 116 shares during the period. Oppenheimer Asset Management Inc. increased its position in CF Industries by 2.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,192 shares of the basic materials company's stock worth $562,000 after buying an additional 142 shares during the last quarter. Principal Street Partners LLC grew its position in shares of CF Industries by 2.0% in the fourth quarter. Principal Street Partners LLC now owns 7,906 shares of the basic materials company's stock valued at $675,000 after purchasing an additional 154 shares in the last quarter. Alps Advisors Inc. grew its position in shares of CF Industries by 3.5% in the first quarter. Alps Advisors Inc. now owns 4,624 shares of the basic materials company's stock valued at $361,000 after purchasing an additional 158 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of CF Industries by 12.6% in the first quarter. Assetmark Inc. now owns 1,425 shares of the basic materials company's stock valued at $111,000 after purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Insider Buying and Selling at CF Industries

In other news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $100.23, for a total value of $1,002,300.00. Following the completion of the sale, the executive vice president owned 87,923 shares of the company's stock, valued at approximately $8,812,522.29. The trade was a 10.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.42% of the company's stock.

CF Industries Price Performance

CF stock traded down $0.05 during mid-day trading on Thursday, hitting $84.14. 2,793,935 shares of the stock were exchanged, compared to its average volume of 2,126,041. 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 has a fifty day moving average price of $88.28 and a 200 day moving average price of $85.49. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $104.45. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of 10.98 and a beta of 0.95.

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

CF Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CF shares. JPMorgan Chase & Co. upgraded CF Industries from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $75.00 to $92.00 in a research report on Tuesday, July 29th. Bank of America restated an "underperform" rating and set a $82.00 target price (down from $93.00) on shares of CF Industries in a research report on Thursday, August 14th. Zacks Research cut CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. BNP Paribas cut CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Morgan Stanley set a $95.00 target price on CF Industries and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $95.00.

About CF Industries

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.