Engineers Gate Manager LP Raises Holdings in CF Industries Holdings, Inc. $CF

Engineers Gate Manager LP boosted its position in CF Industries Holdings, Inc. (NYSE:CF) by 64.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,692 shares of the basic materials company’s stock after purchasing an additional 28,610 shares during the quarter. Engineers Gate Manager LP’s holdings in CF Industries were worth $7,870,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teamwork Financial Advisors LLC acquired a new stake in shares of CF Industries in the second quarter valued at approximately $10,108,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in CF Industries during the fourth quarter worth $11,556,000. S&CO Inc. acquired a new position in CF Industries during the second quarter worth $2,630,000. Twin Capital Management Inc. purchased a new stake in CF Industries in the 4th quarter valued at $714,000. Finally, Deane Retirement Strategies Inc. grew its holdings in CF Industries by 27.1% in the 2nd quarter. Deane Retirement Strategies Inc. now owns 62,022 shares of the basic materials company’s stock valued at $6,708,000 after buying an additional 13,220 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

NYSE:CF opened at $135.11 on Friday. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $20.45 billion, a P/E ratio of 10.02, a P/E/G ratio of 0.27 and a beta of 0.40. The stock’s fifty day moving average is $123.50 and its two-hundred day moving average is $119.53.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.37 earnings per share. Equities analysts expect 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 was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were given a dividend of $0.60 per share. This is a boost 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 1.8%. The ex-dividend date was Friday, August 14th. CF Industries’s dividend payout ratio (DPR) is 17.79%.

Analyst Ratings Changes

Several research firms have recently commented on CF. Berenberg Bank lifted their price target on CF Industries from $86.00 to $106.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Wall Street Zen lowered shares of CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $129.00 price objective on shares of CF Industries in a research report on Friday, July 24th. Freedom Broker downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Finally, HSBC decreased their target price on shares of CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and an average target price of $116.47.

CF Industries Profile

CF Industries Holdings, Inc is a global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and nitric acid, which are used primarily in agriculture to support crop production. Its industrial products also serve customers in areas such as emissions control, plastics, resins, chemicals and other manufacturing applications.

CF Industries operates production facilities in the United States, Canada and the United Kingdom and supplies agricultural and industrial customers in North America and international markets.