OMERS ADMINISTRATION Corp Buys New Position in CF Industries Holdings, Inc. $CF

Key Points

• OMERS Administration Corp. purchased 36,070 shares of CF Industries during the second quarter, valued at approximately $3.9 million. Institutional investors collectively own 93.06% of the company.
• Analysts remain cautious, with CF receiving an average “Hold” rating and a consensus price target of $116.56 after several firms reduced their targets.
• CF Industries reported quarterly revenue of $2.22 billion and adjusted earnings of $4.73 per share, both below analyst expectations, while increasing its quarterly dividend from $0.50 to $0.60 per share.

OMERS ADMINISTRATION Corp purchased a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 36,070 shares of the basic materials company's stock, valued at approximately $3,905,000.

Several other institutional investors and hedge funds have also modified their holdings of CF. Himension Capital Singapore PTE. LTD. purchased a new stake in shares of CF Industries in the 1st quarter worth $25,000. Virtus Advisers LLC purchased a new position in CF Industries during the second quarter valued at $25,000. Keating Financial Advisory Services Inc. bought a new stake in CF Industries during the second quarter valued at about $29,000. Hantz Financial Services Inc. grew its holdings in CF Industries by 46.3% during the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 156 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in CF Industries in the second quarter worth about $44,000. Hedge funds and other institutional investors own 93.06% of the company's stock.

Analysts Set New Price Targets

CF has been the topic of several recent research reports. Morgan Stanley decreased their price objective on CF Industries from $135.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 7th. BMO Capital Markets cut their price objective on CF Industries from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Tuesday, June 30th. HSBC reduced their target price on shares of CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. JPMorgan Chase & Co. raised their target price on shares of CF Industries from $94.00 to $115.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 3rd. Finally, Weiss Ratings downgraded shares of CF Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $116.56.

CF Industries Price Performance

NYSE:CF opened at $127.30 on Wednesday. The business's 50-day simple moving average is $116.87 and its two-hundred day simple moving average is $116.34. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The stock has a market cap of $19.27 billion, a PE ratio of 9.44, a P/E/G ratio of 0.26 and a beta of 0.39. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts' consensus estimates of $5.63 by ($0.90). The business had revenue of $2.22 billion during 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%.The business's revenue was up 17.6% on a year-over-year basis. During the same period last year, the company earned $2.37 EPS. As a group, analysts forecast that CF Industries Holdings, Inc. will post 13.7 EPS for the current fiscal year.

CF Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, August 14th. This is an increase from CF Industries's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. CF Industries's dividend payout ratio (DPR) is 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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