Agman Capital LLC Takes $4.63 Million Position in CF Industries Holdings, Inc. $CF

Agman Capital LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the fourth quarter, HoldingsChannel reports. The fund bought 59,853 shares of the basic materials company’s stock, valued at approximately $4,629,000. CF Industries accounts for 3.9% of Agman Capital LLC’s portfolio, making the stock its 10th biggest position.

A number of other institutional investors have also recently bought and sold shares of CF. Norges Bank purchased a new stake in CF Industries in the fourth quarter valued at approximately $193,657,000. Dimensional Fund Advisors LP grew its stake in CF Industries by 37.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock worth $333,501,000 after buying an additional 1,178,516 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in shares of CF Industries during the second quarter worth $96,560,000. Caisse de depot et placement du Quebec lifted its position in shares of CF Industries by 52.4% during the third quarter. Caisse de depot et placement du Quebec now owns 1,775,106 shares of the basic materials company’s stock worth $159,227,000 after purchasing an additional 610,259 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its position in shares of CF Industries by 115.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,019,926 shares of the basic materials company’s stock worth $78,881,000 after purchasing an additional 545,668 shares in the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CF has been the topic of a number of recent research reports. Wall Street Zen raised shares of CF Industries from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Barclays boosted their target price on shares of CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Berenberg Bank boosted their target price on shares of CF Industries from $86.00 to $106.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce boosted their target price on shares of CF Industries from $118.00 to $128.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings raised shares of CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $119.00.

CF Industries Trading Up 2.6%

CF opened at $109.36 on Friday. The stock has a market capitalization of $16.80 billion, a PE ratio of 9.83 and a beta of 0.38. The firm’s fifty day moving average price is $120.54 and its 200 day moving average price is $103.65. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.84 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 earnings per share. As a group, research analysts expect that CF Industries Holdings, Inc. will post 15.84 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, May 15th. CF Industries’s dividend payout ratio is 17.97%.

Insiders Place Their Bets

In other CF Industries news, VP Erik M. Mayer sold 1,500 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $124.69, for a total transaction of $187,035.00. Following the sale, the vice president directly owned 6,341 shares of the company’s stock, valued at approximately $790,659.29. This represents a 19.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $126.00, for a total transaction of $756,000.00. Following the transaction, the executive vice president owned 69,472 shares of the company’s stock, valued at $8,753,472. This represents a 7.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 10,999 shares of company stock valued at $1,381,740. Company insiders own 0.51% of the company’s stock.

About CF Industries

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.