Point72 Italy S.r.l. Invests $1.73 Million in CF Industries Holdings, Inc. (NYSE:CF)

Point72 Italy S.r.l. bought a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,300 shares of the basic materials company's stock, valued at approximately $1,727,000. CF Industries makes up approximately 0.7% of Point72 Italy S.r.l.'s investment portfolio, making the stock its 22nd biggest position.

Several other hedge funds also recently modified their holdings of CF. Concurrent Investment Advisors LLC grew its position in CF Industries by 4.5% in 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 in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of CF Industries by 4.8% in 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 in the last quarter. First Horizon Advisors Inc. increased its position in shares of CF Industries by 8.5% during the second 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 last quarter. SYSTM Wealth Solutions LLC lifted its holdings in CF Industries by 24.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company's stock worth $66,000 after acquiring an additional 153 shares during the period. Finally, Czech National Bank boosted its position in CF Industries by 0.5% in the first quarter. Czech National Bank now owns 33,616 shares of the basic materials company's stock worth $2,797,000 after purchasing an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

CF Industries Stock Performance

CF traded down $1.05 on Wednesday, hitting $83.84. The company's stock had a trading volume of 1,492,682 shares, compared to its average volume of 2,165,029. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $87.90. The firm has a market cap of $15.13 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 2.38 and a beta of 0.95. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. The company's 50 day simple moving average is $78.27 and its 200-day simple moving average is $77.94.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 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 firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company earned $2.70 earnings per share. The business's revenue for the quarter was down 11.4% on a year-over-year basis. Analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Thursday, August 15th. CF Industries's payout ratio is presently 33.22%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Scotiabank raised their target price on CF Industries from $80.00 to $88.00 and gave the company a "sector perform" rating in a research report on Monday, August 12th. BMO Capital Markets raised their price objective 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. Barclays upgraded shares of 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 note on Friday, August 16th. UBS Group raised their price target on shares of CF Industries from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. Finally, Bank of America lifted their price target on shares of CF Industries from $76.00 to $83.00 and gave the stock a "neutral" rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $87.73.

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.