State of Alaska Department of Revenue Purchases 170,986 Shares of CF Industries Holdings, Inc. $CF

Key Points

• State of Alaska Department of Revenue increased its CF Industries stake by 415.9%, purchasing 170,986 additional shares to hold 212,101 shares worth approximately $26.3 million. Institutional investors collectively own 93.06% of the company.
• CF Industries reported quarterly EPS of $4.73, below the $5.63 analyst consensus, while revenue rose 17.6% year over year to $2.22 billion. Analysts expect full-year EPS of $13.90.
• The company declared a quarterly dividend of $0.60 per share, or $2.40 annually, representing a 2.0% yield. Analyst sentiment remains “Hold,” with an average price target of $121.11 versus the stock’s reported price of $119.97.

State of Alaska Department of Revenue raised its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 415.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,101 shares of the basic materials company's stock after purchasing an additional 170,986 shares during the quarter. State of Alaska Department of Revenue owned 0.14% of CF Industries worth $26,283,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of CF Industries by 3.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company's stock worth $306,000 after acquiring an additional 84 shares in the last quarter. Eley Financial Management Inc lifted its position in shares of CF Industries by 0.6% during the first quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company's stock valued at $1,787,000 after purchasing an additional 87 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of CF Industries by 1.1% during the first quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company's stock valued at $1,062,000 after purchasing an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in CF Industries by 6.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company's stock worth $194,000 after purchasing an additional 97 shares during the last quarter. Finally, Altshuler Shaham Ltd boosted its holdings in CF Industries by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company's stock worth $54,000 after purchasing an additional 112 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Stock Performance

Shares of NYSE:CF traded up $0.51 during midday trading on Thursday, reaching $119.97. The company had a trading volume of 1,534,229 shares, compared to its average volume of 3,260,683. The stock has a market cap of $18.16 billion, a P/E ratio of 8.89, a P/E/G ratio of 0.23 and a beta of 0.53. The company's 50 day moving average price is $123.60 and its 200 day moving average price is $120.42. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings data 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 company 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%. The business's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $2.37 EPS. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 13.90 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, November 16th. CF Industries's dividend payout ratio is currently 17.79%.

Analysts Set New Price Targets

CF has been the subject of several analyst reports. KeyCorp began coverage on shares of CF Industries in a research note on Thursday, September 10th. They issued an "underweight" rating and a $115.00 price objective for the company. UBS Group boosted their target price on CF Industries from $115.00 to $123.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. The Goldman Sachs Group reduced their target price on CF Industries from $133.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, June 23rd. Royal Bank Of Canada reduced their target price on CF Industries from $125.00 to $115.00 and set a "sector perform" rating for the company in a report on Friday, July 17th. Finally, Weiss Ratings raised CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, CF Industries currently has a consensus rating of "Hold" and an average target price of $121.11.

CF Industries Profile

CF Industries Holdings, Inc NYSE: CF is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.

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