Denali Advisors LLC Makes New Investment in CF Industries Holdings, Inc. $CF

Denali Advisors LLC bought a new position in CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,415 shares of the basic materials company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. grew its stake in shares of CF Industries by 21.0% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 7,473 shares of the basic materials company’s stock worth $688,000 after acquiring an additional 1,296 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of CF Industries by 9.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,067 shares of the basic materials company’s stock worth $190,000 after acquiring an additional 187 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of CF Industries by 3.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 98,357 shares of the basic materials company’s stock worth $8,968,000 after acquiring an additional 3,018 shares during the period. Chicago Partners Investment Group LLC bought a new position in shares of CF Industries during the 2nd quarter worth $379,000. Finally, Planned Solutions Inc. grew its stake in shares of CF Industries by 3.5% during the 2nd quarter. Planned Solutions Inc. now owns 3,393 shares of the basic materials company’s stock worth $312,000 after acquiring an additional 114 shares during the period. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CF. The Goldman Sachs Group cut their price target on CF Industries from $96.00 to $94.00 and set a “neutral” rating for the company in a research note on Wednesday. BNP Paribas lowered CF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Morgan Stanley set a $95.00 price target on CF Industries and gave the stock an “equal weight” rating in a report on Thursday, June 26th. Wells Fargo & Company raised their price target on CF Industries from $101.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, JPMorgan Chase & Co. raised CF Industries from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $75.00 to $92.00 in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $97.54.

CF Industries Price Performance

NYSE:CF opened at $86.99 on Friday. The firm has a market capitalization of $14.09 billion, a price-to-earnings ratio of 11.36 and a beta of 0.93. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The stock has a fifty day moving average of $86.70 and a 200 day moving average of $87.37. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.02. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company earned $2.30 earnings per share. On average, research analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 annualized dividend and a yield of 2.3%. CF Industries’s dividend payout ratio (DPR) is currently 26.11%.

CF Industries Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.