Oppenheimer Asset Management Inc. Purchases Shares of 9,324 CF Industries Holdings, Inc. $CF

Oppenheimer Asset Management Inc. acquired a new position in CF Industries Holdings, Inc. (NYSE:CF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,324 shares of the basic materials company’s stock, valued at approximately $1,009,000.

A number of other large investors have also recently made changes to their positions in CF. Himension Capital Singapore PTE. LTD. bought a new position in shares of CF Industries during the first quarter valued at approximately $25,000. Hantz Financial Services Inc. boosted its holdings in CF Industries by 46.3% in the fourth 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 in the last quarter. WPG Advisers LLC boosted its holdings in CF Industries by 69.8% in the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 227 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in CF Industries in the second quarter valued at $44,000. Finally, Elevation Wealth Partners LLC increased its position 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 currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on CF shares. Bank of America upped their price objective on shares of CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Zacks Research lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $129.00 price target on shares of CF Industries in a research report on Friday, July 24th. Morgan Stanley decreased 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, Royal Bank Of Canada lowered their price objective 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. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $116.56.

CF Industries Stock Up 0.0%

CF stock opened at $118.32 on Monday. The business has a 50 day moving average of $114.61 and a 200 day moving average of $114.79. The firm has a market cap of $17.91 billion, a PE ratio of 8.77 and a beta of 0.39. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96. 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 (NYSE:CF) last released its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the firm posted $2.37 earnings per share. The company’s revenue was up 17.6% compared to the same quarter last year. On average, research analysts forecast that CF Industries Holdings, Inc. will post 13.85 EPS for the current fiscal year.

CF Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s payout ratio is presently 17.79%.

CF Industries Company 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.