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 grew its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 54.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,324 shares of the basic materials company's stock after buying 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 reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Curat Global LLC bought a new stake in shares of CF Industries during the first quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new stake in shares of CF Industries during the first quarter valued at about $27,000. Golden State Wealth Management LLC increased its position in shares of 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. TCTC Holdings LLC increased its position in shares of CF Industries by 114.1% in the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock worth $30,000 after purchasing an additional 202 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of CF Industries in the fourth quarter worth approximately $34,000. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Down 0.4%

Shares of NYSE CF opened at $85.78 on Friday. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year 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 firm's 50 day simple moving average is $89.24 and its two-hundred day simple moving average is $85.33. The stock has a market capitalization of $13.89 billion, a P/E ratio of 11.20 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 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same period last year, the business earned $2.30 earnings per share. The business's quarterly revenue was up 20.2% on a year-over-year basis. As a group, analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders 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 yield of 2.3%. The ex-dividend date was Friday, August 15th. CF Industries's dividend payout ratio (DPR) is presently 26.11%.

Insider Activity

In other news, EVP Susan L. Menzel sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $100.23, for a total value of $1,002,300.00. Following the transaction, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CF shares. Wall Street Zen upgraded shares of CF Industries from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Wolfe Research cut shares of CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. Morgan Stanley set a $95.00 price objective on shares of CF Industries and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Bank of America restated an "underperform" rating and issued a $82.00 price objective (down from $93.00) on shares of CF Industries in a research report on Thursday, August 14th. Finally, Zacks Research cut shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, CF Industries has a consensus rating of "Hold" and an average 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.

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