Van ECK Associates Corp grew its position in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 705,521 shares of the basic materials company’s stock after buying an additional 90,713 shares during the quarter. Van ECK Associates Corp owned 0.47% of CF Industries worth $76,380,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of CF Industries during the second quarter worth about $1,410,607,000. Norges Bank acquired a new stake in CF Industries in the fourth quarter valued at about $193,657,000. Bank of New York Mellon Corp purchased a new stake in CF Industries in the 2nd quarter valued at approximately $198,857,000. Bank of America Corp DE purchased a new stake in CF Industries in the 2nd quarter valued at approximately $186,353,000. Finally, Deutsche Bank AG acquired a new position in CF Industries during the 2nd quarter worth approximately $157,850,000. Institutional investors and hedge funds own 93.06% of the company’s stock.
Analyst Ratings Changes
CF has been the topic of a number of recent analyst reports. Zacks Research lowered CF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. UBS Group lifted their price objective on CF Industries from $115.00 to $123.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings downgraded shares of CF Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. JPMorgan Chase & Co. increased their price target on CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Bank of America increased their target price on CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $116.56.
CF Industries Trading Up 0.0%
Shares of CF opened at $125.75 on Friday. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96. The firm has a market capitalization of $19.03 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $118.18 and its 200 day simple moving average is $116.87.
CF Industries (NYSE:CF – Get Free Report) last posted its earnings results 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). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the company posted $2.37 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities research analysts forecast that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current year.
CF Industries Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a $0.60 dividend. The ex-dividend date is Friday, August 14th. This is an increase from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. CF Industries’s payout ratio is presently 17.79%.
CF Industries News Summary
Here are the key news stories impacting CF Industries this week:
- Positive Sentiment: CF Industries and its partners broke ground on the roughly $3.7 billion Blue Point One low-carbon ammonia plant in Louisiana. The project is designed to produce approximately 1.4 million metric tons annually, with production targeted for 2029. It could strengthen domestic fertilizer supply while positioning CF in the emerging lower-carbon ammonia market. CF Industries and Partners Break Ground on Low-Carbon Ammonia Plant
- Positive Sentiment: Investor Kevin Simpson disclosed that he is buying more CF Industries, describing the fertilizer producer as an attractive way to participate in U.S. reindustrialization. His endorsement may support sentiment around CF’s valuation, domestic manufacturing exposure and expected demand for nitrogen products. Kevin Simpson is buying this play on America’s reindustrialization at a very attractive price
- Positive Sentiment: Coverage contrasted CF’s progress with setbacks affecting Woodside’s blue-ammonia project, highlighting CF’s ability to advance its own lower-carbon ammonia strategy. Woodside blue ammonia plant stumbles, though CF moves ahead
- Neutral Sentiment: The Louisiana project represents a major multiyear capital commitment, so investors will likely monitor construction costs, financing, regulatory support and whether low-carbon ammonia demand develops as expected before the planned 2029 startup. CF Industries and partners break ground on Louisiana ammonia plant
CF Industries Company Profile
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.
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