Applied Finance Capital Management LLC, a financial management firm, recently increased its holdings in CF Industries Holdings, Inc. during the first quarter of 2023. According to the firm’s filing with the Securities and Exchange Commission, it purchased an additional 6,694 shares of CF Industries stock, raising its overall ownership by 7.2%. At the end of the reporting period, Applied Finance Capital Management LLC owned 99,403 shares of CF Industries’ stock, equivalent to around $7.2 million.
CF Industries Holdings is a basic materials company listed on the New York Stock Exchange under the ticker symbol “CF.” The company recently disclosed its earnings results for the quarter ending August 2nd, 2023. In this report, CF Industries announced earnings per share (EPS) of $2.70 for the quarter, surpassing market expectations by $0.55. The company’s revenue came in at $1.78 billion for the quarter as opposed to a consensus estimate of $1.85 billion.
The robust performance showcased by CF Industries can be attributed to several factors. Notably, the company reported a net margin of 27.36% and a return on equity of 31.18%, indicating exceptional profitability and efficient use of shareholders’ investments.
Looking ahead, equities analysts anticipate that CF Industries Holdings will achieve an EPS of 7.99 for the current fiscal year as a collective expectation within their field.
These recent developments may catch the attention of investors who closely follow CF Industries or are seeking potential investment opportunities within the basic materials sector.
Overall, Applied Finance Capital Management LLC’s increased stake in CF Industries signifies confidence in the company’s growth prospects and financial stability. This endorsement from a respected financial management firm adds further credibility to CF Industries’ position as a valuable investment option within the market.
Investors interested in gaining more insights into CF Industries’ performance may access our latest stock report on their website. This report can provide a comprehensive overview of the company’s financials, future projections, and other key metrics that may be relevant to investment decisions.
GF Industries Holdings has established itself as a noteworthy player in the basic materials sector, and with the support of reputable firms like Applied Finance Capital Management LLC, the company’s potential for continued success is promising.
CF Industries Holdings, Inc.
CF
Strong Buy
Updated on: 09/09/2023
CF Industries Holdings, Inc. Attracts Institutional Investors and Hedge Funds with Strong Performance
September 9, 2023 – CF Industries Holdings, Inc. has been attracting the attention of various institutional investors and hedge funds lately. Recently, Vanguard Group Inc. announced its increased holdings in shares of the basic materials company by 0.4% during the first quarter. With additional purchases of 94,482 shares, Vanguard now owns a staggering 25,747,358 shares worth $2,653,523,000.
Another notable investor is Price T Rowe Associates Inc. MD, who increased their position in CF Industries by 3.0% during the fourth quarter of last year. They now boast ownership of 12,144,184 shares valued at $1,034,684,000 after acquiring an additional 354,257 shares.
Morgan Stanley also jumped on the bandwagon by increasing their stake in CF Industries by a whopping 101%. Their holdings climbed to 4,014,385 shares worth $342,026,000 after acquiring an additional 2,017,325.
Additionally,Bank of New York Mellon Corp witnessed a significant boost in its stake with CF Industries as well. The financial institution saw its holdings increase by
35.8% during the first quarter to reach a total ownership of
3,
776,
846
shares which are valued at
$273,
784,
000.
This followed their acquisition of
995,
975 new shares during this period.
Lastly,
Bank of America Corp DE decided to diversify its portfolio by adding
193,
727
more
CF Industries shares
during the fourth quarter.
As a result,
they currently own
2,
851,
250
of the basic materials company’s stock with a combined value of
$242,
927,
000.
Remarkably,
90.63%
of the stock is currently owned by these institutional investors and hedge funds.
On September 9th,
CF Industries traded up $
2.46
during trading,
reaching
$
83.31.
What makes this even more remarkable is that
294,
486
shares of the company’s stock were exchanged,
compared to its average volume…
Read More: Applied Finance Capital Management LLC Increases Holdings in CF Industries