Seven Eight Capital LP Makes New Investment in CF Industries Holdings, Inc. (NYSE:CF)

Seven Eight Capital LP acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,710 shares of the basic materials company’s stock, valued at approximately $725,000.

Other large investors have also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its stake in shares of CF Industries by 5.3% in the 4th quarter. Raymond James Trust N.A. now owns 3,507 shares of the basic materials company’s stock valued at $279,000 after purchasing an additional 176 shares during the period. Raymond James & Associates lifted its stake in shares of CF Industries by 25.4% in the 4th quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock valued at $10,608,000 after purchasing an additional 27,027 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of CF Industries by 5.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 29,902 shares of the basic materials company’s stock valued at $2,377,000 after purchasing an additional 1,429 shares during the period. Douglas Lane & Associates LLC increased its position in shares of CF Industries by 1,319.1% in the 4th quarter. Douglas Lane & Associates LLC now owns 46,888 shares of the basic materials company’s stock valued at $3,728,000 after buying an additional 43,584 shares in the last quarter. Finally, Tectonic Advisors LLC increased its position in shares of CF Industries by 4.3% in the 4th quarter. Tectonic Advisors LLC now owns 6,363 shares of the basic materials company’s stock valued at $506,000 after buying an additional 261 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

CF has been the subject of a number of recent analyst reports. Berenberg Bank upped their price objective on shares of CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Barclays lowered their price objective on shares of CF Industries from $85.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday. Bank of America reiterated a “neutral” rating and set a $88.00 target price (down previously from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. UBS Group lowered their target price on CF Industries from $86.00 to $78.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Piper Sandler lowered their target price on CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $82.88.

CF Industries Stock Performance

Shares of NYSE:CF traded down $0.87 during trading on Tuesday, reaching $70.52. 1,934,829 shares of the stock were exchanged, compared to its average volume of 2,321,896. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $87.90. The firm has a market cap of $12.89 billion, a PE ratio of 11.71, a PEG ratio of 2.31 and a beta of 0.95. The stock has a 50-day moving average price of $74.65 and a 200-day moving average price of $77.64. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.44). The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company’s quarterly revenue was down 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 earnings per share. Research analysts expect that CF Industries Holdings, Inc. will post 5.19 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, August 15th. This represents a $2.00 annualized dividend and a yield of 2.84%. CF Industries’s dividend payout ratio is currently 33.22%.

CF Industries Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.