NewEdge Wealth LLC Makes New Investment in CF Industries Holdings, Inc. $CF

NewEdge Wealth LLC acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the second quarter, HoldingsChannel reports. The firm acquired 218,387 shares of the basic materials company’s stock, valued at approximately $23,643,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of CF Industries during the fourth quarter worth $11,556,000. AIA Group Ltd purchased a new position in CF Industries in the 1st quarter valued at $3,428,000. Twin Capital Management Inc. acquired a new position in CF Industries in the 4th quarter valued at $714,000. Burford Brothers Inc. acquired a new position in CF Industries in the 4th quarter valued at $960,000. Finally, Teamwork Financial Advisors LLC purchased a new position in CF Industries during the 2nd quarter worth $10,108,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CF has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their target price on shares of CF Industries from $125.00 to $115.00 and set a “sector perform” rating for the company in a research note on Friday, July 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of CF Industries in a research note on Monday, June 29th. BMO Capital Markets cut their price target on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. BNP Paribas Exane reduced their price objective on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, June 15th. Finally, HSBC lowered their price objective on CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $116.56.

CF Industries Stock Down 0.3%

Shares of NYSE CF opened at $119.31 on Thursday. 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 Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The firm has a 50-day moving average price of $115.20 and a 200 day moving average price of $115.34. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 0.23 and a beta of 0.39.

CF Industries (NYSE:CF) last issued its 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). 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 for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the previous year, the company posted $2.37 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 13.85 EPS for the current fiscal year.

CF Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.60 per share. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. 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%. 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.