CF Industries Holdings, Inc. $CF Stock Position Raised by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its position in CF Industries Holdings, Inc. (NYSE:CF) by 248.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,149 shares of the basic materials company’s stock after buying an additional 32,193 shares during the quarter. NewEdge Advisors LLC’s holdings in CF Industries were worth $4,888,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its stake in shares of CF Industries by 10,624.0% in the 2nd quarter. California State Teachers Retirement System now owns 19,345,196 shares of the basic materials company’s stock valued at $2,094,311,000 after purchasing an additional 19,164,804 shares during the last quarter. BlackRock Inc. bought a new stake in shares of CF Industries during the 2nd quarter worth about $1,410,607,000. Dimensional Fund Advisors LP increased its holdings in shares of CF Industries by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after acquiring an additional 146,682 shares during the last quarter. Bank of America Corp DE raised its stake in shares of CF Industries by 8.4% in the 1st quarter. Bank of America Corp DE now owns 2,048,671 shares of the basic materials company’s stock valued at $265,999,000 after acquiring an additional 158,119 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in CF Industries by 19.7% in the 4th quarter. Allianz Asset Management GmbH now owns 2,624,910 shares of the basic materials company’s stock worth $203,011,000 after purchasing an additional 431,868 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of NYSE CF opened at $131.12 on Tuesday. The firm has a market capitalization of $19.84 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.26 and a beta of 0.40. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The business has a fifty day simple moving average of $124.31 and a 200 day simple moving average of $120.04. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF) last announced its quarterly earnings data 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 net margin of 27.12% and a return on equity of 24.41%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the company posted $2.37 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Sell-side analysts expect that CF Industries Holdings, Inc. will post 13.7 EPS for the current year.

CF Industries Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wall Street Zen downgraded CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. KeyCorp started coverage on shares of CF Industries in a report on Thursday. They issued an “underweight” rating and a $115.00 target price on the stock. Scotiabank upped their price target on shares of CF Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, August 10th. UBS Group lifted their price objective on CF Industries from $115.00 to $123.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada lowered their target price on CF Industries from $125.00 to $115.00 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $116.47.

About CF Industries

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.