NewEdge Wealth LLC Buys New Position in CF Industries Holdings, Inc. $CF

Key Points

• NewEdge Wealth LLC acquired 218,387 shares of CF Industries in the second quarter, worth approximately $23.6 million and representing about 0.14% of the company. Institutional investors collectively own 93.06% of CF Industries.
• Analysts have raised several price targets, but the stock retains a consensus “Hold” rating with an average target of $116.56. CF shares recently opened at $119.31.
• CF Industries increased its quarterly dividend from $0.50 to $0.60 per share, equating to a $2.40 annualized dividend and a 2.0% yield. The company’s latest quarterly earnings and revenue came in below analyst expectations despite 17.6% year-over-year revenue growth.

NewEdge Wealth LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 218,387 shares of the basic materials company's stock, valued at approximately $23,643,000. NewEdge Wealth LLC owned approximately 0.14% of CF Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CF. Himension Capital Singapore PTE. LTD. acquired a new position in shares of CF Industries in the first quarter valued at approximately $25,000. Hantz Financial Services Inc. lifted its holdings in CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company's stock worth $38,000 after buying an additional 156 shares in the last quarter. WPG Advisers LLC lifted its holdings in CF Industries by 69.8% during the 4th quarter. WPG Advisers LLC now owns 552 shares of the basic materials company's stock worth $43,000 after buying an additional 227 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in CF Industries in the 2nd quarter valued at approximately $44,000. Finally, Elevation Wealth Partners LLC boosted its position in CF Industries by 39.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company's stock valued at $47,000 after buying an additional 122 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on CF shares. Bank of America boosted their price target on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. JPMorgan Chase & Co. increased their price objective on CF Industries from $94.00 to $115.00 and gave the company a "neutral" rating in a research note on Wednesday, June 3rd. Wall Street Zen lowered CF Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. UBS Group boosted their target price on CF Industries from $115.00 to $123.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Finally, Scotiabank upped their price target on CF Industries from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, CF Industries currently has a consensus rating of "Hold" and an average target price of $116.56.

CF Industries Stock Performance

NYSE CF opened at $119.31 on Thursday. The company has a fifty day moving average of $115.20 and a two-hundred day moving average of $115.34. The company has a market capitalization of $18.06 billion, a PE ratio of 8.84, a P/E/G ratio of 0.23 and a beta of 0.39. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing analysts' consensus estimates of $5.63 by ($0.90). The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.37 EPS. As a group, analysts expect that CF Industries Holdings, Inc. will post 13.85 earnings per share for the current year.

CF Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.0%. This is a positive change from CF Industries's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. CF Industries's dividend payout ratio is presently 17.79%.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.

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