Havemeyer Place LP Makes New Investment in CF Industries Holdings, Inc. $CF

Havemeyer Place LP bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the fourth quarter, Holdings Channel.com reports. The fund bought 7,755 shares of the basic materials company’s stock, valued at approximately $600,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of CF Industries in the 4th quarter valued at about $193,657,000. Worldquant Millennium Advisors LLC acquired a new position in CF Industries during the second quarter worth approximately $96,560,000. Caisse de depot et placement du Quebec increased its position in CF Industries by 52.4% during the third quarter. Caisse de depot et placement du Quebec now owns 1,775,106 shares of the basic materials company’s stock worth $159,227,000 after buying an additional 610,259 shares during the period. Dimensional Fund Advisors LP lifted its stake in CF Industries by 22.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,133,709 shares of the basic materials company’s stock valued at $281,104,000 after buying an additional 568,710 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of CF Industries by 115.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,019,926 shares of the basic materials company’s stock valued at $78,881,000 after acquiring an additional 545,668 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Price Performance

CF Industries stock opened at $109.54 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. The business has a 50 day simple moving average of $122.51 and a 200-day simple moving average of $102.99. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The stock has a market capitalization of $16.83 billion, a PE ratio of 9.84 and a beta of 0.38.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $1.35. The firm 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 quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $1.85 EPS. Equities analysts predict that CF Industries Holdings, Inc. will post 14.39 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. CF Industries’s payout ratio is presently 17.97%.

Insider Activity

In related news, EVP Susan L. Menzel sold 18,041 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $136.06, for a total transaction of $2,454,658.46. Following the completion of the transaction, the executive vice president directly owned 55,762 shares of the company’s stock, valued at $7,586,977.72. This represents a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bert A. Frost sold 6,250 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $136.69, for a total transaction of $854,312.50. Following the completion of the sale, the executive vice president owned 75,472 shares of the company’s stock, valued at approximately $10,316,267.68. The trade was a 7.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 35,290 shares of company stock valued at $4,690,711. 0.51% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CF. The Goldman Sachs Group raised their target price on shares of CF Industries from $132.00 to $133.00 in a research report on Friday, May 8th. Mizuho increased their price target on shares of CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a research note on Tuesday, March 31st. Wall Street Zen raised shares of CF Industries from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. 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. Finally, Freedom Capital raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, CF Industries has a consensus rating of “Hold” and an average target price of $119.00.

CF Industries 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.