OP Asset Management Ltd Invests $2.09 Million in CF Industries Holdings, Inc. $CF

OP Asset Management Ltd purchased a new position in CF Industries Holdings, Inc. (NYSE:CF) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,104 shares of the basic materials company’s stock, valued at approximately $2,091,000.

Other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. lifted its position in shares of CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after buying an additional 156 shares during the last quarter. Stance Capital LLC purchased a new stake in CF Industries in the 3rd quarter worth about $42,000. Eagle Bay Advisors LLC bought a new stake in CF Industries in the 4th quarter valued at about $43,000. WPG Advisers LLC raised its stake in CF Industries by 69.8% in the 4th quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 227 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in CF Industries during the second quarter valued at about $44,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

CF stock opened at $105.73 on Monday. The firm has a 50 day moving average of $116.39 and a 200-day moving average of $105.65. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The firm has a market capitalization of $16.24 billion, a P/E ratio of 9.50 and a beta of 0.38.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.84 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. CF Industries’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.85 EPS. As a group, sell-side analysts predict that CF Industries Holdings, Inc. will post 15.6 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, May 15th. CF Industries’s payout ratio is 17.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Berenberg Bank increased their target price 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. Wall Street Zen raised shares of CF Industries from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. BNP Paribas Exane dropped their price target on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, June 15th. Weiss Ratings raised shares of CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Finally, BMO Capital Markets lifted their price objective on shares of CF Industries from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $118.50.

CF Industries Company 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.