Talaria Asset Management Pty Ltd Raises Holdings in CF Industries Holdings, Inc. $CF

Key Points

• Talaria Asset Management Pty Ltd increased its stake in CF Industries Holdings by 77.0%, owning 584,000 shares, making it the firm's 5th largest holding with a value of approximately $45.64 million.
• CF Industries recently reported earnings per share of $2.37, exceeding estimates, alongside a 20.2% year-over-year revenue increase totaling $1.89 billion.
• The company declared a quarterly dividend of $0.50 per share, which translates to an annualized dividend yield of 2.3%.

Talaria Asset Management Pty Ltd grew its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 77.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 584,000 shares of the basic materials company's stock after buying an additional 254,000 shares during the quarter. CF Industries makes up 15.2% of Talaria Asset Management Pty Ltd's portfolio, making the stock its 5th largest position. Talaria Asset Management Pty Ltd owned 0.34% of CF Industries worth $45,640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MGO One Seven LLC boosted its holdings in CF Industries by 87.8% during the fourth quarter. MGO One Seven LLC now owns 5,383 shares of the basic materials company's stock worth $459,000 after buying an additional 2,516 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in CF Industries by 192.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 9,639 shares of the basic materials company's stock worth $822,000 after buying an additional 6,344 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in CF Industries during the fourth quarter worth about $380,000. Coldstream Capital Management Inc. boosted its holdings in CF Industries by 4.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company's stock worth $257,000 after buying an additional 126 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in CF Industries by 56.4% during the fourth quarter. AQR Capital Management LLC now owns 435,855 shares of the basic materials company's stock worth $36,980,000 after buying an additional 157,105 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CF Industries

In other news, EVP Susan L. Menzel sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $100.23, for a total value of $1,002,300.00. Following the transaction, the executive vice president owned 87,923 shares in the company, valued at $8,812,522.29. This trade represents a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is owned by corporate insiders.

CF Industries Trading Down 0.8%

NYSE CF traded down $0.72 during trading hours on Friday, hitting $86.60. 1,380,864 shares of the company's stock were exchanged, 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. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $104.45. The stock has a 50-day simple moving average of $91.01 and a 200 day simple moving average of $85.00. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 11.30 and a beta of 0.94.

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

CF Industries declared that its board has authorized a share buyback plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to reacquire up to 14.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 15th. CF Industries's dividend payout ratio (DPR) is 26.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Bank of America reiterated an "underperform" rating and set a $82.00 price objective (down previously from $93.00) on shares of CF Industries in a report on Thursday, August 14th. JPMorgan Chase & Co. raised CF Industries from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $75.00 to $92.00 in a report on Tuesday, July 29th. Wall Street Zen downgraded CF Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Wells Fargo & Company reduced their price target on CF Industries from $108.00 to $101.00 and set an "overweight" rating for the company in a research note on Monday, August 11th. Finally, Morgan Stanley set a $95.00 target price on CF Industries and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, CF Industries has a consensus rating of "Hold" and a consensus price target of $95.00.

About CF Industries

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.