Beaconlight Capital LLC Buys Shares of 7,195 CF Industries Holdings, Inc. $CF

Beaconlight Capital LLC purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,195 shares of the basic materials company’s stock, valued at approximately $934,000.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in CF Industries during the fourth quarter worth about $193,657,000. Dimensional Fund Advisors LP increased its position in CF Industries by 37.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock worth $333,501,000 after purchasing an additional 1,178,516 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in CF Industries during the 2nd quarter worth approximately $96,560,000. Arrowstreet Capital Limited Partnership raised its stake in shares of CF Industries by 203.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,088,286 shares of the basic materials company’s stock worth $141,303,000 after buying an additional 729,921 shares in the last quarter. Finally, Caisse de depot et placement du Quebec lifted its holdings in shares of CF Industries by 52.4% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,775,106 shares of the basic materials company’s stock valued at $159,227,000 after buying an additional 610,259 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Performance

CF Industries stock opened at $125.20 on Friday. The stock has a fifty day moving average price of $114.25 and a 200 day moving average price of $110.94. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The firm has a market capitalization of $19.23 billion, a P/E ratio of 11.25 and a beta of 0.40. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39.

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, August 14th. This is an increase from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s dividend payout ratio (DPR) is presently 17.97%.

Analysts Set New Price Targets

CF has been the topic of a number of analyst reports. BNP Paribas Exane decreased their price target on CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, June 15th. Weiss Ratings restated a “buy (b)” rating on shares of CF Industries in a research report on Monday, June 29th. JPMorgan Chase & Co. upped their price target on shares of CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Freedom Capital upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Finally, UBS Group reduced their price objective on shares of CF Industries from $140.00 to $130.00 in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $116.69.

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.