Menlo Advisors LLC Buys Shares of 48,375 CF Industries Holdings, Inc. $CF

Menlo Advisors LLC bought a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 48,375 shares of the basic materials company’s stock, valued at approximately $5,237,000. CF Industries makes up about 2.3% of Menlo Advisors LLC’s portfolio, making the stock its 18th largest holding.

A number of other hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in CF Industries by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company’s stock valued at $1,368,000 after acquiring an additional 518 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in CF Industries by 161.1% during the 1st quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company’s stock valued at $928,000 after acquiring an additional 7,324 shares during the last quarter. Woodline Partners LP grew its holdings in CF Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company’s stock worth $1,149,000 after acquiring an additional 4,252 shares in the last quarter. Focus Partners Wealth grew its holdings in CF Industries by 21.8% during the 1st quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company’s stock worth $278,000 after acquiring an additional 638 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of CF Industries by 141.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 463 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Down 2.2%

CF stock opened at $135.11 on Friday. The firm has a market cap of $20.45 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 0.27 and a beta of 0.40. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96. The firm has a fifty day moving average price of $123.50 and a two-hundred day moving average price of $119.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32.

CF Industries (NYSE:CF) last posted its quarterly earnings results 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). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the previous year, the business posted $2.37 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Research analysts predict that CF Industries Holdings, Inc. will post 13.7 EPS for the current year.

CF Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.8%. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, August 14th. CF Industries’s dividend payout ratio (DPR) is currently 17.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CF shares. Weiss Ratings lowered shares of CF Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Morgan Stanley decreased their price target on CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. BNP Paribas Exane lowered their price objective on CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, June 15th. Freedom Capital upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, HSBC cut their price objective on CF Industries from $130.00 to $121.00 in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $116.47.

CF Industries Profile

CF Industries Holdings, Inc is a global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and nitric acid, which are used primarily in agriculture to support crop production. Its industrial products also serve customers in areas such as emissions control, plastics, resins, chemicals and other manufacturing applications.

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