Redwood Investment Management LLC Has $3.68 Million Stock Holdings in CF Industries Holdings, Inc. $CF

Key Points

• Redwood Investment Management LLC increased its stake in CF Industries by 8.0%, owning 47,040 shares valued at approximately $3.68 million following the acquisition of 3,486 additional shares.
• CF Industries recently reported a quarterly revenue of $1.89 billion and an earnings per share (EPS) of $2.37, surpassing analyst expectations.
• The company's Board of Directors approved a $2 billion stock repurchase program, reflecting confidence in its stock valuation and aiming to reacquire 14.7% of its shares.

Redwood Investment Management LLC lifted its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,040 shares of the basic materials company's stock after acquiring an additional 3,486 shares during the quarter. Redwood Investment Management LLC's holdings in CF Industries were worth $3,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Curat Global LLC bought a new position in CF Industries in the first quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new stake in shares of CF Industries during the first quarter worth about $27,000. Golden State Wealth Management LLC increased its stake in shares of CF Industries by 119.8% in the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after buying an additional 206 shares during the period. TCTC Holdings LLC raised its holdings in CF Industries by 114.1% in the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock valued at $30,000 after buying an additional 202 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in CF Industries in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.06% of the company's stock.

CF Industries Trading Down 0.8%

CF stock traded down $0.72 during midday trading on Friday, hitting $86.60. The stock had a trading volume of 1,380,864 shares, compared to its average volume of 2,954,537. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The firm has a market cap of $14.03 billion, a P/E ratio of 11.30 and a beta of 0.94. The business has a fifty day moving average price of $90.74 and a two-hundred day moving average price of $85.04. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $104.45.

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

CF Industries announced that its board has authorized a stock repurchase plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in 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 generally a sign that the company's leadership believes its stock is undervalued.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, August 15th. CF Industries's payout ratio is presently 26.11%.

Insider Transactions at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the transaction, the executive vice president directly owned 87,923 shares in the company, valued at approximately $8,812,522.29. This represents a 10.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. BNP Paribas lowered shares of CF Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Royal Bank Of Canada set a $100.00 price target on shares of CF Industries and gave the stock a "sector perform" rating in a report on Monday, July 14th. Bank of America reissued an "underperform" rating and issued a $82.00 price objective (down previously from $93.00) on shares of CF Industries in a research note on Thursday, August 14th. Scotiabank reaffirmed a "sector perform" rating and set a $82.00 target price (up from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Finally, Wolfe Research downgraded CF Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, June 12th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $95.00.

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.