Old West Investment Management LLC Takes Position in CF Industries Holdings, Inc. $CF

Key Points

• Old West Investment Management acquired 115,640 CF Industries shares worth approximately $12.5 million, joining other institutional investors that collectively own 93.06% of the company.
• Analysts remain cautious, with CF carrying a consensus “Hold” rating and an average price target of $116.56; recent targets range from $106 to $130.
• CF Industries reported quarterly EPS of $4.73, below the $5.63 consensus, while revenue rose 17.6% year over year to $2.22 billion. The company increased its quarterly dividend to $0.60, implying a 2.0% annual yield.

Old West Investment Management LLC purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 115,640 shares of the basic materials company's stock, valued at approximately $12,519,000. Old West Investment Management LLC owned approximately 0.08% of CF Industries at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Himension Capital Singapore PTE. LTD. acquired a new stake in shares of CF Industries in the 1st quarter valued at $25,000. Altshuler Shaham Ltd lifted its stake in shares of CF Industries by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company's stock valued at $54,000 after acquiring an additional 112 shares during the period. Elevation Wealth Partners LLC lifted its stake in shares of CF Industries by 39.6% during the second quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 122 shares during the period. MUFG Securities EMEA plc bought a new position in CF Industries in the second quarter valued at about $44,000. Finally, Hantz Financial Services Inc. boosted its holdings in CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. Institutional investors own 93.06% of the company's stock.

Wall Street Analysts Forecast Growth

CF has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on CF Industries from $94.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating and issued a $129.00 target price on shares of CF Industries in a research note on Friday, July 24th. The Goldman Sachs Group lowered their price target on shares of CF Industries from $133.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, June 23rd. Berenberg Bank boosted their price target on shares of CF Industries from $86.00 to $106.00 and gave the stock a "hold" rating in a research note on Thursday, May 28th. Finally, Scotiabank increased their price objective on shares of CF Industries from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $116.56.

CF Industries Trading Up 0.0%

NYSE CF opened at $118.32 on Monday. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The stock has a 50-day simple moving average of $114.61 and a 200 day simple moving average of $114.79. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $17.91 billion, a PE ratio of 8.77 and a beta of 0.39.

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

CF Industries Increases Dividend

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

About CF Industries

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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