Northwestern Mutual Wealth Management Co. Invests $1.32 Million in CF Industries Holdings, Inc. $CF

Northwestern Mutual Wealth Management Co. bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,239 shares of the basic materials company’s stock, valued at approximately $1,325,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of CF Industries in the 4th quarter valued at $11,556,000. S&CO Inc. acquired a new stake in CF Industries during the 2nd quarter worth $2,630,000. Twin Capital Management Inc. acquired a new stake in CF Industries during the 4th quarter worth $714,000. AIA Group Ltd purchased a new stake in CF Industries in the first quarter valued at $3,428,000. Finally, Teamwork Financial Advisors LLC purchased a new stake in CF Industries in the second quarter valued at $10,108,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Down 1.5%

Shares of NYSE:CF opened at $127.30 on Wednesday. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32. The stock has a market cap of $19.27 billion, a P/E ratio of 9.44, a P/E/G ratio of 0.26 and a beta of 0.39. The firm has a fifty day moving average price of $116.87 and a 200 day moving average price of $116.34.

CF Industries (NYSE:CF) last posted its quarterly earnings data 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). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The business 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 firm posted $2.37 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Sell-side analysts predict that CF Industries Holdings, Inc. will post 13.7 EPS for the current year.

CF Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a dividend of $0.60 per share. 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 of this dividend is Friday, August 14th. CF Industries’s dividend payout ratio is 17.79%.

Analyst Ratings Changes

Several equities analysts have issued reports on CF shares. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $129.00 price objective on shares of CF Industries in a research note on Friday, July 24th. Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Bank of America upped their target price on CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Scotiabank raised their price target on CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Weiss Ratings downgraded CF Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, CF Industries presently has an average rating of “Hold” and a consensus price target 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.