One Wealth Advisors LLC Takes $755,000 Position in CF Industries Holdings, Inc. $CF

One Wealth Advisors LLC acquired a new stake 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. The fund acquired 6,975 shares of the basic materials company’s stock, valued at approximately $755,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CF. Trifecta Capital Advisors LLC purchased a new stake in CF Industries in the 2nd quarter worth $116,000. Oppenheimer Asset Management Inc. purchased a new position in shares of CF Industries during the second quarter valued at about $1,009,000. Plan Group Financial LLC bought a new stake in shares of CF Industries in the second quarter worth about $228,000. Wedge Capital Management L L P NC increased its holdings in shares of CF Industries by 3.6% in the second quarter. Wedge Capital Management L L P NC now owns 106,966 shares of the basic materials company’s stock worth $11,580,000 after purchasing an additional 3,701 shares during the last quarter. Finally, Insight Wealth Strategies LLC bought a new stake in shares of CF Industries in the second quarter worth about $5,931,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CF. Morgan Stanley dropped their price target on CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. Bank of America lifted their price objective on CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $129.00 price objective on shares of CF Industries in a report on Friday, July 24th. Scotiabank increased their target price on CF Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of CF Industries from $94.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.56.

CF Industries Stock Up 1.1%

Shares of NYSE:CF opened at $118.32 on Friday. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a 50-day moving average price of $114.61 and a 200 day moving average price of $114.63. The company has a market cap of $17.91 billion, a price-to-earnings ratio of 8.77 and a beta of 0.39.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the previous year, the firm earned $2.37 earnings per share. The company’s revenue was up 17.6% compared to the same quarter last year. As a group, equities research analysts predict that CF Industries Holdings, Inc. will post 13.85 earnings per share for the current year.

CF Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a $0.60 dividend. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. CF Industries’s dividend payout ratio (DPR) is presently 14.83%.

CF Industries 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.