CF Industries Holdings, Inc. (NYSE:CF) Shares Bought by Seven Eight Capital LP

Seven Eight Capital LP raised its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 71.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,939 shares of the basic materials company’s stock after acquiring an additional 6,229 shares during the quarter. Seven Eight Capital LP’s holdings in CF Industries were worth $1,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC increased its position in shares of CF Industries by 4.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock worth $269,000 after purchasing an additional 140 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of CF Industries by 4.8% during the first quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 141 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of CF Industries by 8.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 146 shares during the period. Czech National Bank lifted its holdings in shares of CF Industries by 0.5% in the 1st quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock worth $2,797,000 after acquiring an additional 153 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC boosted its position in shares of CF Industries by 24.0% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

Shares of CF opened at $81.59 on Friday. The company has a current ratio of 4.70, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $77.57 and its 200-day simple moving average is $77.96. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 2.21 and a beta of 0.95. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $87.90.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the business earned $2.70 EPS. CF Industries’s revenue for the quarter was down 11.4% on a year-over-year basis. Equities analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $80.00 to $90.00 in a research report on Friday, August 16th. Royal Bank of Canada lifted their target price on CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Scotiabank increased their price target on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Bank of America lifted their price objective on shares of CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Finally, BMO Capital Markets increased their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.91.

About CF Industries

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.