Summit Street Capital Management LLC Purchases Shares of 238,812 CF Industries Holdings, Inc. $CF

Summit Street Capital Management LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the 2nd quarter, Holdings Channel.com reports. The fund bought 238,812 shares of the basic materials company’s stock, valued at approximately $25,854,000. CF Industries accounts for about 3.6% of Summit Street Capital Management LLC’s investment portfolio, making the stock its 11th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in CF Industries during the 4th quarter worth approximately $11,556,000. S&CO Inc. purchased a new stake in shares of CF Industries in the 2nd quarter valued at about $2,630,000. Twin Capital Management Inc. purchased a new stake in CF Industries in the fourth quarter valued at approximately $714,000. AIA Group Ltd purchased a new stake in CF Industries in the 1st quarter valued at $3,428,000. Finally, Teamwork Financial Advisors LLC acquired a new position in CF Industries in the 2nd quarter valued at about $10,108,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CF shares. UBS Group raised their price target on CF Industries from $115.00 to $123.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Freedom Capital raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Scotiabank raised their target price on shares of CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, BMO Capital Markets reduced their price objective on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $116.56.

CF Industries Trading Down 1.2%

Shares of CF opened at $125.71 on Thursday. The firm’s 50-day moving average is $117.27 and its two-hundred day moving average is $116.58. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $19.02 billion, a P/E ratio of 9.32, a PEG ratio of 0.25 and a beta of 0.39.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the company earned $2.37 EPS. The business’s revenue was up 17.6% on a year-over-year basis. On average, research analysts predict that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.60 dividend. This is an increase from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, August 14th. CF Industries’s dividend payout ratio (DPR) is 17.79%.

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.