Insight Wealth Strategies LLC Takes Position in CF Industries Holdings, Inc. $CF

Insight Wealth Strategies LLC purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 54,832 shares of the basic materials company’s stock, valued at approximately $5,931,000.

A number of other large investors have also added to or reduced their stakes in the company. Tema ETFs LLC increased its stake in CF Industries by 9.4% during the 2nd quarter. Tema ETFs LLC now owns 5,051 shares of the basic materials company’s stock worth $547,000 after buying an additional 435 shares during the period. E. Ohman J or Asset Management AB boosted its position in CF Industries by 73.7% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the basic materials company’s stock valued at $715,000 after buying an additional 2,800 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of CF Industries during the second quarter valued at about $65,000. Deane Retirement Strategies Inc. grew its stake in shares of CF Industries by 27.1% during the second quarter. Deane Retirement Strategies Inc. now owns 62,022 shares of the basic materials company’s stock valued at $6,708,000 after acquiring an additional 13,220 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of CF Industries during the second quarter valued at about $341,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Down 3.0%

Shares of CF Industries stock opened at $117.78 on Wednesday. The business has a 50-day moving average price of $114.46 and a 200 day moving average price of $114.21. 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 cap of $17.82 billion, a P/E ratio of 8.73 and a beta of 0.39. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36.

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 firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.37 EPS. On average, sell-side analysts forecast that CF Industries Holdings, Inc. will post 15.53 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a $0.60 dividend. This is a boost from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 14th. CF Industries’s dividend payout ratio is presently 14.83%.

Wall Street Analyst Weigh In

CF has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. HSBC lowered their price objective on CF Industries from $130.00 to $121.00 in a research note on Wednesday, June 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Industries in a research report on Monday, June 29th. Wall Street Zen cut CF Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, UBS Group raised their price target on shares of CF Industries from $115.00 to $123.00 and gave the stock a “neutral” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $116.56.

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.