S&CO Inc. Acquires Shares of 24,300 CF Industries Holdings, Inc. $CF

Key Points

• S&CO Inc. acquired 24,300 shares of CF Industries in the second quarter, valued at approximately $2.63 million. Institutional investors collectively own 93.06% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $116.56, while recent targets ranged from $106 to $135.
• CF Industries reported quarterly revenue of $2.22 billion and EPS of $4.73, both below analyst expectations, although revenue increased 17.6% year over year. The company raised its quarterly dividend to $0.60 per share, implying a 2.0% annual yield.

S&CO Inc. acquired a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,300 shares of the basic materials company's stock, valued at approximately $2,630,000.

Other hedge funds have also modified their holdings of the company. Himension Capital Singapore PTE. LTD. purchased a new position in CF Industries during the first quarter worth approximately $25,000. Hantz Financial Services Inc. grew 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 purchasing an additional 156 shares during the period. WPG Advisers LLC increased its position in shares of CF Industries by 69.8% in the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company's stock valued at $43,000 after buying an additional 227 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of CF Industries in the second quarter valued at approximately $44,000. Finally, Elevation Wealth Partners LLC raised its stake in shares of CF Industries by 39.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company's stock worth $47,000 after buying an additional 122 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CF has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their target price on CF Industries from $140.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 30th. The Goldman Sachs Group cut their price target on shares of CF Industries from $133.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, June 23rd. Berenberg Bank upped their price objective on shares of CF Industries from $86.00 to $106.00 and gave the stock a "hold" rating in a research report on Thursday, May 28th. HSBC decreased their price objective on shares of CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Finally, Zacks Research lowered shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $116.56.

CF Industries Price Performance

Shares of CF Industries stock opened at $118.32 on Friday. The stock has a market capitalization of $17.91 billion, a P/E ratio of 8.77 and a beta of 0.39. The business has a 50 day simple moving average of $114.61 and a two-hundred day simple moving average of $114.63. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32.

CF Industries (NYSE:CF - Get Free Report) last released 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 business had revenue of $2.22 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $2.37 EPS. As a group, analysts predict that CF Industries Holdings, Inc. will post 13.85 EPS 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 given a dividend of $0.60 per share. The ex-dividend date is Friday, August 14th. This is a boost from CF Industries's previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. CF Industries's dividend payout ratio (DPR) is presently 14.83%.

CF Industries 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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