Summit Street Capital Management LLC Makes New Investment in CF Industries Holdings, Inc. $CF

Summit Street Capital Management LLC acquired a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 238,812 shares of the basic materials company’s stock, valued at approximately $25,854,000. CF Industries makes up about 3.6% of Summit Street Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. Summit Street Capital Management LLC owned 0.16% of CF Industries at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CF. Himension Capital Singapore PTE. LTD. acquired a new position in shares of CF Industries during the first quarter valued at approximately $25,000. Virtus Advisers LLC purchased a new stake in shares of CF Industries during the second quarter worth approximately $25,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of CF Industries during the second quarter worth approximately $29,000. Altshuler Shaham Ltd raised its stake in CF Industries by 36.6% in the 1st quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock valued at $54,000 after purchasing an additional 112 shares during the last quarter. Finally, Elevation Wealth Partners LLC raised its stake in CF Industries by 39.6% in 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 last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Bank of America lifted their target price on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. Scotiabank increased their target price on shares of CF Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. BMO Capital Markets decreased their price target on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. The Goldman Sachs Group lowered their price target on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of CF Industries from $94.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, CF Industries currently has a consensus rating of “Hold” and an average price target of $116.56.

CF Industries Trading Down 1.2%

Shares of CF stock opened at $125.71 on Thursday. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96. The company’s 50-day moving average price is $117.27 and its 200-day moving average price is $116.58. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 0.25 and a beta of 0.39.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (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 firm 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 business posted $2.37 earnings per share. CF Industries’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities analysts predict that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current 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 $0.60 dividend. 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 1.9%. CF Industries’s dividend payout ratio is currently 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.