S&CO Inc. Purchases New Stake in CF Industries Holdings, Inc. $CF

S&CO Inc. acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the second quarter, HoldingsChannel.com reports. The firm acquired 24,300 shares of the basic materials company’s stock, valued at approximately $2,630,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Himension Capital Singapore PTE. LTD. acquired a new stake in shares of CF Industries in the 1st quarter worth $25,000. Altshuler Shaham Ltd raised its holdings in shares of CF Industries by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 112 shares during the period. Elevation Wealth Partners LLC boosted its position in shares of CF Industries by 39.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 122 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of CF Industries during the 2nd quarter valued at about $44,000. Finally, Hantz Financial Services Inc. boosted 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 acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Berenberg Bank raised their price objective 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 lowered shares of CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Royal Bank Of Canada dropped their price target on shares of CF Industries from $125.00 to $115.00 and set a “sector perform” rating for the company in a research note on Friday, July 17th. Morgan Stanley dropped their price target on shares of 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. Finally, Scotiabank raised their price target on shares of CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $116.56.

CF Industries Stock Performance

Shares of CF Industries stock opened at $118.32 on Friday. The firm has a market cap of $17.91 billion, a PE ratio of 8.77 and a beta of 0.39. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The business’s fifty day simple moving average is $114.61 and its 200-day simple moving average is $114.63.

CF Industries (NYSE:CF) last issued 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). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.37 earnings per share. Equities analysts forecast that CF Industries Holdings, Inc. will post 13.85 earnings per share for the current year.

CF Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.0%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. CF Industries’s payout ratio is 14.83%.

About CF Industries

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.