CF Industries Holdings, Inc. $CF Stake Boosted by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 24.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 277,635 shares of the basic materials company’s stock after purchasing an additional 53,991 shares during the quarter. Wellington Management Group LLP’s holdings in CF Industries were worth $30,057,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Himension Capital Singapore PTE. LTD. purchased a new position in shares of CF Industries in the first quarter worth approximately $25,000. Virtus Advisers LLC purchased a new stake in shares of CF Industries in the 2nd quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. acquired a new position in CF Industries in the 2nd quarter worth approximately $29,000. Altshuler Shaham Ltd grew its position in 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 purchasing an additional 112 shares in the last quarter. Finally, Elevation Wealth Partners LLC raised its stake in 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 purchasing an additional 122 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CF has been the subject of several recent analyst reports. Berenberg Bank raised their target price on CF Industries from $86.00 to $106.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Morgan Stanley dropped their price target on CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. Zacks Research lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Freedom Broker cut CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Finally, The Goldman Sachs Group dropped their target price on CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. 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 three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $116.56.

CF Industries Trading Down 2.9%

NYSE CF opened at $133.79 on Friday. 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 Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96. The firm’s fifty day simple moving average is $121.31 and its 200-day simple moving average is $118.27. The company has a market capitalization of $20.25 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.27 and a beta of 0.40.

CF Industries (NYSE:CF) last released 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 firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the business posted $2.37 EPS. CF Industries’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The company also recently declared 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 was Friday, August 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s dividend payout ratio is presently 17.79%.

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.