BlackBarn Capital Partners LP Invests $11.93 Million in CF Industries Holdings, Inc. (NYSE:CF)

BlackBarn Capital Partners LP purchased a new position in CF Industries Holdings, Inc. (NYSE:CF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,000 shares of the basic materials company’s stock, valued at approximately $11,925,000. CF Industries accounts for 4.3% of BlackBarn Capital Partners LP’s holdings, making the stock its 6th biggest position. BlackBarn Capital Partners LP owned approximately 0.08% of CF Industries at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Northern Trust Corp raised its holdings in shares of CF Industries by 4.3% in the third quarter. Northern Trust Corp now owns 3,644,100 shares of the basic materials company’s stock worth $312,445,000 after buying an additional 151,148 shares during the period. Pacer Advisors Inc. raised its position in CF Industries by 7.1% during the 4th quarter. Pacer Advisors Inc. now owns 3,078,652 shares of the basic materials company’s stock valued at $244,753,000 after purchasing an additional 204,536 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of CF Industries by 16.5% in the 4th quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock valued at $232,779,000 after acquiring an additional 414,785 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of CF Industries by 7.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,862,532 shares of the basic materials company’s stock valued at $227,576,000 after acquiring an additional 203,885 shares during the period. Finally, Norges Bank purchased a new position in shares of CF Industries in the 4th quarter valued at $193,145,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CF. Piper Sandler cut their price target on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a report on Tuesday, May 7th. Bank of America restated a “neutral” rating and set a $88.00 target price (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Wolfe Research began coverage on CF Industries in a research note on Friday, March 1st. They set an “outperform” rating and a $99.00 target price on the stock. Wells Fargo & Company dropped their target price on CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of CF Industries in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $85.00.

CF Industries Stock Up 1.0 %

Shares of NYSE CF traded up $0.81 during mid-day trading on Monday, hitting $78.67. The company had a trading volume of 1,923,395 shares, compared to its average volume of 2,395,148. The company has a market capitalization of $14.38 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 2.47 and a beta of 1.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. CF Industries Holdings, Inc. has a 1-year low of $66.97 and a 1-year high of $87.90. The business’s 50-day simple moving average is $78.40 and its 200 day simple moving average is $78.76.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business earned $2.85 earnings per share. The firm’s quarterly revenue was down 26.9% on a year-over-year basis. On average, analysts predict that CF Industries Holdings, Inc. will post 5.24 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.54%. CF Industries’s payout ratio is 33.22%.

Insider Activity

In other news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the sale, the executive vice president now directly owns 64,030 shares in the company, valued at approximately $5,442,550. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.48% of the company’s stock.

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.