ZEGA Investments LLC Makes New $537,000 Investment in CF Industries Holdings, Inc. $CF

ZEGA Investments LLC purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,962 shares of the basic materials company’s stock, valued at approximately $537,000.

Several other hedge funds also recently modified their holdings of CF. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in CF Industries during the fourth quarter worth about $11,556,000. Teamwork Financial Advisors LLC bought a new position in CF Industries during the second quarter valued at about $10,108,000. S&CO Inc. acquired a new position in CF Industries in the 2nd quarter valued at approximately $2,630,000. Twin Capital Management Inc. acquired a new position in CF Industries in the 4th quarter valued at approximately $714,000. Finally, Burford Brothers Inc. bought a new stake in shares of CF Industries in the 4th quarter worth approximately $960,000. 93.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

CF has been the topic of several recent research reports. Bank of America lifted their price objective on CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. The Goldman Sachs Group reduced their target price on CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. lifted their price target on shares of CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. BMO Capital Markets lowered their price target on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Finally, Zacks Research cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CF Industries has an average rating of “Hold” and a consensus price target of $116.56.

CF Industries Stock Down 0.9%

CF opened at $137.97 on Friday. The firm’s 50-day simple moving average is $120.75 and its 200-day simple moving average is $118.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96. The firm has a market cap of $20.88 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.27 and a beta of 0.40.

CF Industries (NYSE:CF) last announced its quarterly earnings results 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). The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.37 earnings per share. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 13.7 EPS for the current fiscal year.

CF Industries Increases Dividend

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

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.