Cynosure Group LLC Invests $305,000 in CF Industries Holdings, Inc. (NYSE:CF)

Cynosure Group LLC acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,671 shares of the basic materials company’s stock, valued at approximately $305,000.

Several other large investors also recently modified their holdings of the company. Ontario Teachers Pension Plan Board increased its position in shares of CF Industries by 67.0% during the first quarter. Ontario Teachers Pension Plan Board now owns 41,803 shares of the basic materials company’s stock worth $3,478,000 after buying an additional 16,778 shares during the period. Councilmark Asset Management LLC acquired a new stake in shares of CF Industries during the first quarter worth $1,251,000. Banco Santander S.A. grew its holdings in CF Industries by 15.1% in the first quarter. Banco Santander S.A. now owns 5,249 shares of the basic materials company’s stock worth $437,000 after purchasing an additional 687 shares during the period. Blair William & Co. IL grew its holdings in CF Industries by 1.2% in the first quarter. Blair William & Co. IL now owns 29,152 shares of the basic materials company’s stock worth $2,426,000 after purchasing an additional 333 shares during the period. Finally, HBK Sorce Advisory LLC acquired a new stake in CF Industries in the first quarter worth $204,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Price Performance

NYSE:CF traded down $0.53 during mid-day trading on Tuesday, hitting $70.86. 364,650 shares of the stock traded hands, compared to its average volume of 2,310,677. The business’s 50-day moving average price is $74.73 and its 200 day moving average price is $77.72. The company has a market cap of $12.95 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 2.31 and a beta of 0.95. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $87.90. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37.

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

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.00 annualized dividend and a yield of 2.82%. CF Industries’s dividend payout ratio is currently 33.22%.

Wall Street Analyst Weigh In

A number of research firms have commented on CF. Royal Bank of Canada reduced their price target on shares of CF Industries from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Piper Sandler reduced their price objective on shares of CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. Barclays reduced 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 report on Tuesday. BMO Capital Markets reduced their price objective on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Finally, UBS Group reduced their price objective on shares of CF Industries from $86.00 to $78.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus target price of $82.88.

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.