Sanctuary Advisors LLC Buys New Shares in CF Industries Holdings, Inc. $CF

Key Points

• Sanctuary Advisors LLC acquired 13,556 CF Industries shares worth approximately $1.47 million in the second quarter, while institutional investors collectively own 93.06% of the company.
• CF Industries reported quarterly EPS of $4.73, below the $5.63 analyst consensus, although revenue increased 17.6% year over year to $2.22 billion.
• The company raised its quarterly dividend from $0.50 to $0.60 per share, equating to an annualized dividend of $2.40 and a 1.9% yield. Analysts maintain a consensus “Hold” rating with a $116.56 target price.

Sanctuary Advisors LLC bought a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 13,556 shares of the basic materials company's stock, valued at approximately $1,468,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CF. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of CF Industries in the second quarter worth about $9,714,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in CF Industries in the 2nd quarter worth approximately $1,017,000. Nitor Capital Management LLC purchased a new position in CF Industries in the 2nd quarter worth approximately $15,766,000. Clear Harbor Asset Management LLC bought a new position in CF Industries in the 2nd quarter worth approximately $1,702,000. Finally, Bank of Nova Scotia bought a new position in CF Industries in the 2nd quarter worth approximately $4,748,000. 93.06% of the stock is owned by institutional investors.

CF Industries Trading Down 1.2%

CF stock opened at $125.71 on Thursday. The firm has a fifty day moving average price of $117.27 and a 200 day moving average price of $116.58. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The firm has a market cap of $19.02 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly 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). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.45 billion. During the same period in the previous year, the company earned $2.37 EPS. CF Industries's revenue for the quarter was up 17.6% compared to the same quarter last year. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from CF Industries's previous quarterly dividend of $0.50. CF Industries's payout ratio is 17.79%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CF. BMO Capital Markets reduced their price objective on shares of CF Industries from $140.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 30th. Bank of America raised their target price on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. BNP Paribas Exane reduced their price target on shares of CF Industries from $140.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, June 15th. Scotiabank boosted their price target on shares of CF Industries from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of CF Industries from $94.00 to $115.00 and gave the company a "neutral" rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $116.56.

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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