Wedge Capital Management L L P NC Boosts Stock Position in CF Industries Holdings, Inc. $CF

Key Points

• Wedge Capital Management L L P NC increased its stake in CF Industries Holdings, Inc. by 39.2% to a total of $10.44 million worth of shares in the second quarter.
• CF Industries reported a 20.2% increase in revenue year-over-year for the latest quarter, with earnings per share beating estimates at $2.37.
• The company declared a quarterly dividend of $0.50 per share, representing a 2.4% yield, with a dividend payout ratio of 26.11%.

Wedge Capital Management L L P NC lifted its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 39.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,447 shares of the basic materials company's stock after purchasing an additional 31,953 shares during the quarter. Wedge Capital Management L L P NC owned about 0.07% of CF Industries worth $10,437,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Curat Global LLC purchased a new position in CF Industries in the first quarter worth about $25,000. Zions Bancorporation National Association UT bought a new position in shares of CF Industries during the first quarter valued at approximately $27,000. Golden State Wealth Management LLC boosted its holdings 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 purchasing an additional 206 shares during the period. TCTC Holdings LLC boosted its holdings in shares of CF Industries by 114.1% in the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 202 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in shares of CF Industries in the fourth quarter valued at approximately $34,000. 93.06% of the stock is owned by institutional investors.

CF Industries Price Performance

CF traded up $1.10 during trading on Tuesday, reaching $86.74. The company's stock had a trading volume of 1,091,329 shares, compared to its average volume of 2,725,846. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $87.78 and a two-hundred day simple moving average of $85.74. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 11.31 and a beta of 0.95.

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

CF Industries Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen upgraded CF Industries from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Morgan Stanley set a $95.00 price target on CF Industries and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Barclays raised CF Industries from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $95.00 to $100.00 in a research report on Wednesday, August 13th. Wolfe Research downgraded CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. Finally, Scotiabank reissued a "sector perform" rating and issued a $82.00 target price (up from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently 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.