ZEGA Investments LLC Purchases New Shares in CF Industries Holdings, Inc. $CF

ZEGA Investments LLC purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 4,962 shares of the basic materials company’s stock, valued at approximately $537,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in CF Industries in the 2nd quarter valued at about $1,410,607,000. Norges Bank acquired a new position in shares of CF Industries during the fourth quarter worth approximately $193,657,000. Bank of New York Mellon Corp acquired a new position in shares of CF Industries during the second quarter worth approximately $198,857,000. Bank of America Corp DE bought a new stake in shares of CF Industries during the second quarter valued at approximately $186,353,000. Finally, Deutsche Bank AG bought a new stake in shares of CF Industries during the second quarter valued at approximately $157,850,000. Institutional investors own 93.06% of the company’s stock.

CF Industries Trading Down 0.9%

Shares of NYSE CF opened at $137.97 on Friday. The company’s 50 day simple moving average is $120.75 and its 200 day simple moving average is $118.16. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The firm has a market capitalization of $20.88 billion, a P/E ratio of 10.23, a P/E/G ratio of 0.27 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32.

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 analysts’ consensus estimates of $5.63 by ($0.90). The business 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%.CF Industries’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.37 EPS. On average, analysts predict that CF Industries Holdings, Inc. will post 13.7 EPS for the current year.

CF Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, August 14th. CF Industries’s payout ratio is presently 17.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank Of Canada dropped 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 research report on Friday, July 17th. Scotiabank increased their price objective on CF Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. The Goldman Sachs Group lowered their target price on CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, June 23rd. Morgan Stanley dropped their target price on CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. Finally, Bank of America upped their price target on CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company 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.