Oppenheimer Asset Management Inc. Makes New Investment in CF Industries Holdings, Inc. $CF

Oppenheimer Asset Management Inc. acquired a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,324 shares of the basic materials company’s stock, valued at approximately $1,009,000.

Other hedge funds also recently bought and sold shares of the company. Himension Capital Singapore PTE. LTD. bought a new position in CF Industries during the first quarter valued at approximately $25,000. Altshuler Shaham Ltd raised its stake in shares of CF Industries by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 112 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in shares of CF Industries by 39.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 122 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in shares of CF Industries in the 2nd quarter worth approximately $44,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of CF Industries by 46.3% in the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CF. BMO Capital Markets reduced their target price on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. BNP Paribas Exane lowered their price target on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Berenberg Bank upped their price target on shares of CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on CF Industries from $94.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Royal Bank Of Canada decreased their price objective on CF Industries from $125.00 to $115.00 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $116.56.

CF Industries Stock Performance

NYSE:CF opened at $118.32 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. 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 $17.91 billion, a PE ratio of 8.77 and a beta of 0.39. The business has a 50 day moving average price of $114.61 and a 200-day moving average price of $114.79.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS 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 firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the firm earned $2.37 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. 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 company also recently declared 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. CF Industries’s payout ratio is 17.79%.

About CF Industries

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.