Old West Investment Management LLC Acquires New Shares in CF Industries Holdings, Inc. $CF

Old West Investment Management LLC acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 115,640 shares of the basic materials company’s stock, valued at approximately $12,519,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CF. Himension Capital Singapore PTE. LTD. acquired a new position in CF Industries in the first quarter valued at about $25,000. Altshuler Shaham Ltd raised 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 period. Elevation Wealth Partners LLC raised its position in shares of CF Industries by 39.6% during the second quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 122 shares during the period. MUFG Securities EMEA plc bought a new position in shares of CF Industries during the 2nd quarter valued at about $44,000. Finally, Hantz Financial Services Inc. lifted its holdings 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 purchasing an additional 156 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Trading Up 0.0%

NYSE CF opened at $118.32 on Monday. The stock has a market capitalization of $17.91 billion, a price-to-earnings ratio of 8.77 and a beta of 0.39. The stock’s 50 day moving average price is $114.61 and its two-hundred day moving average price is $114.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.CF Industries’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.37 earnings per share. As a group, analysts anticipate that CF Industries Holdings, Inc. will post 13.85 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a dividend of $0.60 per share. 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 annualized dividend and a yield of 2.0%. CF Industries’s dividend payout ratio is currently 17.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CF shares. Morgan Stanley lowered their target price on 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. Royal Bank Of Canada reduced 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 report on Friday, July 17th. HSBC lowered their price objective on shares of CF Industries from $130.00 to $121.00 in a research report on Wednesday, June 17th. The Goldman Sachs Group dropped their price objective on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. Finally, Berenberg Bank boosted their price objective on shares of CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $116.56.

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.