NewEdge Wealth LLC Has $18.31 Million Position in CF Industries Holdings, Inc. (NYSE:CF)

Key Points

• NewEdge Wealth LLC increased its stake in CF Industries Holdings, Inc. by 3.3%, now holding approximately $18.31 million worth of the company's shares.
• Several hedge funds have raised their stakes significantly, with Wealth Enhancement Advisory Services LLC increasing its holdings by 1,497.3% in the 1st quarter.
• CF Industries announced a share repurchase plan worth $2 billion and declared a quarterly dividend of $0.50 per share, indicating management's confidence in the stock's value.

NewEdge Wealth LLC increased its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 234,338 shares of the basic materials company's stock after purchasing an additional 7,478 shares during the period. NewEdge Wealth LLC owned approximately 0.14% of CF Industries worth $18,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. QRG Capital Management Inc. raised its holdings in CF Industries by 21.8% in the 1st quarter. QRG Capital Management Inc. now owns 14,356 shares of the basic materials company's stock valued at $1,122,000 after acquiring an additional 2,572 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 206 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in CF Industries by 1,497.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 109,240 shares of the basic materials company's stock valued at $8,537,000 after acquiring an additional 102,401 shares in the last quarter. FMR LLC raised its holdings in CF Industries by 6.6% in the 4th quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock valued at $753,429,000 after acquiring an additional 543,876 shares in the last quarter. Finally, Sarasin & Partners LLP acquired a new position in CF Industries in the 1st quarter valued at $1,716,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the company'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 sale, the executive vice president owned 87,923 shares in the company, valued at approximately $8,812,522.29. The trade was a 10.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

CF has been the subject of several analyst reports. BNP Paribas raised CF Industries to a "strong-buy" rating in a report on Wednesday, April 9th. Barclays boosted their price target on CF Industries from $91.00 to $95.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Wolfe Research cut CF Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, June 12th. Oppenheimer cut CF Industries from an "outperform" rating to a "market perform" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company boosted their price target on CF Industries from $105.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Twelve analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, CF Industries currently has a consensus rating of "Hold" and a consensus price target of $95.71.

CF Industries Price Performance

Shares of CF opened at $91.56 on Friday. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45. The business has a 50-day simple moving average of $94.12 and a two-hundred day simple moving average of $85.68. The company has a quick ratio of 2.22, a current ratio of 2.59 and a debt-to-equity ratio of 0.41. The stock has a market cap of $15.52 billion, a PE ratio of 12.06 and a beta of 0.94.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.38. CF Industries had a return on equity of 17.39% and a net margin of 21.80%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The business's revenue was up 13.1% on a year-over-year basis. Analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries announced that its board has approved a share repurchase plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to buy up to 14.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, August 15th. CF Industries's payout ratio is 26.35%.

CF Industries 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.

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