Castleark Management LLC Makes New $7.97 Million Investment in CF Industries Holdings, Inc. $CF

Castleark Management LLC purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 73,610 shares of the basic materials company’s stock, valued at approximately $7,969,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC boosted its stake in CF Industries by 3.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock valued at $306,000 after acquiring an additional 84 shares during the last quarter. Eley Financial Management Inc increased its position in shares of CF Industries by 0.6% in the 1st quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company’s stock worth $1,787,000 after purchasing an additional 87 shares during the last quarter. Personal CFO Solutions LLC raised its stake in shares of CF Industries by 1.1% in the 1st quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company’s stock valued at $1,062,000 after purchasing an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of CF Industries by 6.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 97 shares in the last quarter. Finally, Altshuler Shaham Ltd lifted its position in shares of CF Industries by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of CF stock opened at $127.30 on Wednesday. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $116.87 and a two-hundred day moving average of $116.34. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The company has a market cap of $19.27 billion, a P/E ratio of 9.44, a PEG ratio of 0.26 and a beta of 0.39.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The company 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 quarter in the previous year, the company posted $2.37 earnings per share. As a group, analysts anticipate that CF Industries Holdings, Inc. will post 13.7 EPS 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 $0.60 dividend. The ex-dividend date is Friday, August 14th. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. CF Industries’s dividend payout ratio (DPR) is 17.79%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CF shares. UBS Group boosted their price objective on CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, August 7th. BMO Capital Markets decreased their target price on CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. The Goldman Sachs Group lowered their price target on CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, June 23rd. Weiss Ratings lowered CF Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $129.00 price objective on shares of CF Industries in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $116.56.

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.