Park Avenue Securities LLC Takes $540,000 Position in CF Industries Holdings, Inc. $CF

Key Points

• Park Avenue Securities LLC has acquired a new stake in CF Industries Holdings, purchasing 5,874 shares valued at approximately $540,000.
• CF Industries has received several significant analyst upgrades, notably a "buy" rating from Wall Street Zen and an upgrade from Barclays that raised the target price from $95.00 to $100.00.
• The company's latest earnings report shows a 20.2% increase in quarterly revenue compared to the previous year, with an EPS of $2.37, surpassing analyst expectations.

Park Avenue Securities LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,874 shares of the basic materials company's stock, valued at approximately $540,000.

Other hedge funds also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV grew its position in shares of CF Industries by 1.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company's stock worth $682,000 after buying an additional 116 shares during the period. Rowlandmiller & PARTNERS.ADV grew its position in shares of CF Industries by 4.1% during the 2nd quarter. Rowlandmiller & PARTNERS.ADV now owns 3,325 shares of the basic materials company's stock worth $306,000 after buying an additional 130 shares during the period. Farther Finance Advisors LLC grew its position in shares of CF Industries by 7.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,838 shares of the basic materials company's stock worth $169,000 after buying an additional 131 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of CF Industries by 2.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,192 shares of the basic materials company's stock worth $562,000 after buying an additional 142 shares during the period. Finally, Alps Advisors Inc. grew its position in shares of CF Industries by 3.5% during the 1st quarter. Alps Advisors Inc. now owns 4,624 shares of the basic materials company's stock worth $361,000 after buying an additional 158 shares during the period. Institutional investors own 93.06% of the company's stock.

Analyst Upgrades and Downgrades

CF has been the subject of several analyst reports. Wall Street Zen upgraded CF Industries from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Wolfe Research lowered CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. HSBC decreased their target price on CF Industries from $104.00 to $95.00 and set a "hold" rating for the company in a research report on Monday, September 15th. Barclays upgraded CF Industries from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. Finally, Zacks Research cut CF Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $95.00.

CF Industries Price Performance

Shares of CF opened at $92.03 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. The stock has a 50 day simple moving average of $87.53 and a 200 day simple moving average of $86.10. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The firm has a market capitalization of $14.91 billion, a PE ratio of 12.01 and a beta of 0.95.

CF Industries (NYSE:CF - Get Free Report) last released its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.35 by $0.02. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The business's quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.30 EPS. Sell-side analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.50 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.00 annualized dividend and a yield of 2.2%. CF Industries's payout ratio is presently 26.11%.

CF Industries Company 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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