Brighton Jones LLC Takes $469,000 Position in CF Industries Holdings, Inc. $CF

Brighton Jones LLC acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,102 shares of the basic materials company’s stock, valued at approximately $469,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Focus Partners Advisor Solutions LLC increased its stake in CF Industries by 57.9% during the second quarter. Focus Partners Advisor Solutions LLC now owns 6,070 shares of the basic materials company’s stock worth $558,000 after purchasing an additional 2,226 shares during the period. Fielder Capital Group LLC purchased a new stake in CF Industries during the 2nd quarter worth approximately $230,000. AlphaQuest LLC increased its stake in CF Industries by 548.6% during the 2nd quarter. AlphaQuest LLC now owns 14,263 shares of the basic materials company’s stock worth $1,312,000 after buying an additional 12,064 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in CF Industries by 2.4% during the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 12,700 shares of the basic materials company’s stock worth $1,168,000 after buying an additional 300 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in CF Industries by 17,340.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 872 shares of the basic materials company’s stock valued at $80,000 after buying an additional 867 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CF. JPMorgan Chase & Co. raised CF Industries from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $75.00 to $92.00 in a research report on Tuesday, July 29th. HSBC decreased their target price on CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a report on Monday, September 15th. The Goldman Sachs Group cut their price target on CF Industries from $96.00 to $94.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of CF Industries in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company boosted their price objective on CF Industries from $101.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus target price of $97.54.

CF Industries Stock Performance

Shares of CF opened at $84.10 on Thursday. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 10.98 and a beta of 0.93. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average price of $86.77 and a 200 day moving average price of $88.06.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm earned $2.30 EPS. The company’s revenue was up 20.2% compared to the same quarter last year. Research analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. CF Industries’s payout ratio is 26.11%.

CF Industries 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.