Menlo Advisors LLC Purchases Shares of 48,375 CF Industries Holdings, Inc. $CF

Menlo Advisors LLC purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,375 shares of the basic materials company’s stock, valued at approximately $5,237,000. CF Industries comprises about 2.3% of Menlo Advisors LLC’s portfolio, making the stock its 18th biggest position.

A number of other large investors also recently modified their holdings of CF. Engineers Gate Manager LP grew its holdings in shares of CF Industries by 64.9% during the 2nd quarter. Engineers Gate Manager LP now owns 72,692 shares of the basic materials company’s stock worth $7,870,000 after purchasing an additional 28,610 shares during the period. Integrated Wealth Concepts LLC raised its holdings in CF Industries by 2.9% in the second quarter. Integrated Wealth Concepts LLC now owns 3,924 shares of the basic materials company’s stock valued at $425,000 after buying an additional 112 shares during the period. RFG Advisory LLC raised its holdings in CF Industries by 145.4% in the second quarter. RFG Advisory LLC now owns 10,649 shares of the basic materials company’s stock valued at $1,153,000 after buying an additional 6,309 shares during the period. NewEdge Advisors LLC lifted its position in CF Industries by 248.5% during the second quarter. NewEdge Advisors LLC now owns 45,149 shares of the basic materials company’s stock valued at $4,888,000 after buying an additional 32,193 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in CF Industries by 460.8% during the second quarter. IFP Advisors Inc now owns 6,673 shares of the basic materials company’s stock worth $722,000 after buying an additional 5,483 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CF shares. BMO Capital Markets dropped their price objective on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. UBS Group lifted their target price on shares of CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Weiss Ratings cut shares of CF Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Zacks Research lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Finally, KeyCorp set a $115.00 price objective on CF Industries and gave the stock an “underweight” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $116.47.

CF Industries Trading Down 2.2%

NYSE CF opened at $135.11 on Friday. The stock has a market cap of $20.45 billion, a P/E ratio of 10.02, a PEG ratio of 0.27 and a beta of 0.40. The company’s fifty day simple moving average is $123.50 and its 200-day simple moving average is $119.53. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the firm earned $2.37 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts predict that CF Industries Holdings, Inc. will post 13.7 EPS for the current fiscal year.

CF Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change 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%. CF Industries’s dividend payout ratio is presently 17.79%.

About CF Industries

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.