Seven Eight Capital LP Raises Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Seven Eight Capital LP increased its position in CF Industries Holdings, Inc. (NYSE:CF) by 71.5% in the 2nd quarter, Holdings Channel reports. The firm owned 14,939 shares of the basic materials company’s stock after buying an additional 6,229 shares during the period. Seven Eight Capital LP’s holdings in CF Industries were worth $1,107,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Westside Investment Management Inc. acquired a new position in CF Industries in the first quarter valued at $25,000. UMB Bank n.a. raised its stake in CF Industries by 40.4% during the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 191 shares during the last quarter. nVerses Capital LLC lifted its position in CF Industries by 250.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 500 shares during the period. Mather Group LLC. purchased a new position in shares of CF Industries in the 1st quarter valued at approximately $55,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of CF Industries by 28.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 167 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CF has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Wells Fargo & Company dropped their price target on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $90.00 in a research report on Friday, August 16th. Bank of America boosted their target price on CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, UBS Group raised their price target on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.91.

CF Industries Stock Down 1.9 %

CF opened at $81.59 on Friday. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $87.90. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 2.21 and a beta of 0.95. The business’s fifty day moving average is $77.57 and its two-hundred day moving average is $77.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.50. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.52 billion. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The firm’s revenue was down 11.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.70 EPS. Analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.45%. CF Industries’s dividend payout ratio is currently 33.22%.

CF Industries Company 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.