Meadow Creek Investment Management LLC Raises Position in CF Industries Holdings, Inc. (CF)
Meadow Creek Investment Management LLC boosted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 431.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,818 shares of the basic materials company’s stock after buying an additional 107,032 shares during the quarter. Meadow Creek Investment Management LLC owned approximately 0.06% of CF Industries worth $5,852,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Advisors Preferred LLC purchased a new position in CF Industries in the first quarter worth $103,000. Sandy Spring Bank purchased a new position in CF Industries in the first quarter worth $118,000. Blackhawk Capital Partners LLC. grew its holdings in CF Industries by 485.7% in the second quarter. Blackhawk Capital Partners LLC. now owns 2,665 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 2,210 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in CF Industries by 256.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,188 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 2,294 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in CF Industries in the second quarter worth $121,000. 99.15% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on CF shares. Royal Bank of Canada raised shares of CF Industries from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $38.00 to $42.00 in a report on Wednesday, July 18th. Scotiabank reaffirmed a “buy” rating and issued a $53.00 price target on shares of CF Industries in a report on Friday, August 3rd. Bank of America set a $38.00 price target on shares of CF Industries and gave the stock a “sell” rating in a report on Friday, May 4th. HSBC raised shares of CF Industries from a “hold” rating to a “buy” rating and set a $36.30 price target on the stock in a report on Tuesday, August 7th. Finally, ValuEngine raised shares of CF Industries from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.29.
NYSE:CF opened at $51.53 on Friday. CF Industries Holdings, Inc. has a 12 month low of $28.47 and a 12 month high of $51.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.80 and a quick ratio of 2.26. The firm has a market cap of $11.84 billion, a PE ratio of -206.12, a P/E/G ratio of 6.19 and a beta of 0.96.
CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.18. CF Industries had a net margin of 13.94% and a return on equity of 1.82%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. equities analysts predict that CF Industries Holdings, Inc. will post 1.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 15th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.33%. CF Industries’s dividend payout ratio is presently -480.00%.
CF Industries declared that its board has initiated a share repurchase plan on Wednesday, August 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the basic materials company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.
CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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