Counterpoint Mutual Funds LLC Buys New Position in CF Industries Holdings, Inc. $CF

Counterpoint Mutual Funds LLC purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,333 shares of the basic materials company’s stock, valued at approximately $399,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV grew its position in shares of CF Industries by 1.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company’s stock worth $682,000 after acquiring an additional 116 shares during the last quarter. Rowlandmiller & PARTNERS.ADV raised its position in CF Industries by 4.1% in the 2nd quarter. Rowlandmiller & PARTNERS.ADV now owns 3,325 shares of the basic materials company’s stock valued at $306,000 after purchasing an additional 130 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in CF Industries by 7.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,838 shares of the basic materials company’s stock worth $169,000 after purchasing an additional 131 shares during the period. 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. Finally, Alps Advisors Inc. increased its stake in CF Industries by 3.5% in the first quarter. Alps Advisors Inc. now owns 4,624 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 158 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 1.6%

CF Industries stock opened at $86.98 on Wednesday. The stock’s 50 day moving average price is $87.60 and its 200 day moving average price is $85.75. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $104.45. The company has a market cap of $14.09 billion, a PE ratio of 11.35 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 (NYSE:CF) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.02. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.CF Industries’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.30 earnings per share. On average, sell-side analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. CF Industries’s payout ratio is currently 26.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CF shares. Scotiabank reiterated a “sector perform” rating and set a $82.00 target price (up previously from $81.00) on shares of CF Industries in a research note on Monday, August 11th. Wall Street Zen raised CF Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. BNP Paribas lowered CF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $95.00 to $100.00 in a research note on Wednesday, August 13th. Finally, Morgan Stanley set a $95.00 price objective on shares of CF Industries and gave the company an “equal weight” rating in a research report on Thursday, June 26th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $95.00.

CF Industries Profile

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.