Concentric Capital Strategies LP Invests $5.82 Million in CF Industries Holdings, Inc. $CF

Concentric Capital Strategies LP acquired a new position in CF Industries Holdings, Inc. (NYSE:CF) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 74,413 shares of the basic materials company’s stock, valued at approximately $5,815,000.

Several other large investors also recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV grew its position in CF Industries by 1.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company’s stock worth $682,000 after purchasing an additional 116 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in CF Industries by 2.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,192 shares of the basic materials company’s stock worth $562,000 after purchasing an additional 142 shares during the last quarter. Principal Street Partners LLC grew its position in CF Industries by 2.0% during the 4th quarter. Principal Street Partners LLC now owns 7,906 shares of the basic materials company’s stock worth $675,000 after purchasing an additional 154 shares during the last quarter. Alps Advisors Inc. grew its position in CF Industries by 3.5% during the 1st quarter. Alps Advisors Inc. now owns 4,624 shares of the basic materials company’s stock worth $361,000 after purchasing an additional 158 shares during the last quarter. Finally, Assetmark Inc. grew its position in CF Industries by 12.6% during the 1st quarter. Assetmark Inc. now owns 1,425 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Down 3.0%

CF stock opened at $84.85 on Thursday. The firm’s fifty day simple moving average is $90.27 and its 200-day simple moving average is $85.10. The company has a market capitalization of $13.74 billion, a P/E ratio of 11.08 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $104.45.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the business posted $2.30 EPS. The business’s revenue was up 20.2% compared to the same quarter last year. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, August 15th. CF Industries’s payout ratio is currently 26.11%.

CF Industries declared that its board has authorized a share buyback program on Wednesday, May 7th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the basic materials company to purchase up to 14.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wolfe Research downgraded shares of CF Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 12th. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. Royal Bank Of Canada set a $100.00 target price on shares of CF Industries and gave the stock a “sector perform” rating in a research report on Monday, July 14th. Morgan Stanley set a $95.00 price objective on shares of CF Industries and gave the company an “equal weight” rating in a report on Thursday, June 26th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $82.00 price objective (down from $93.00) on shares of CF Industries in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $95.00.

Insider Activity

In related news, EVP Susan L. Menzel sold 10,000 shares of the business’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $100.23, for a total value of $1,002,300.00. Following the completion of the transaction, the executive vice president directly owned 87,923 shares in the company, valued at $8,812,522.29. The trade was a 10.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.71% of the stock is currently owned by corporate insiders.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.