5 Best Farmland and Agriculture Stocks to Buy Today

2. CF Industries Holdings, Inc. (NYSE:CF)

Number of Hedge Fund Holders: 52

CF Industries Holdings, Inc. (NYSE:CF) manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. The company’s principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. As of August 22, CF Industries Holdings, Inc. (NYSE:CF) has gained 134.38% over the past 12 months.

On August 1, CF Industries Holdings, Inc. (NYSE:CF) announced its financial results for the second quarter of 2022. The company reported earnings per share of $6.15, outperforming expectations by $0.36. The company’s revenue grew by 113.41% year-over-year and amounted to $3.39 billion.

On August 3, Citi analyst P.J. Juvekar upgraded CF Industries Holdings, Inc. (NYSE:CF) to ‘Buy’ from ‘Neutral’ and raised his price target to $117 from $99. On August 10, Barclays analyst Benjamin Theurer upgraded CF Industries Holdings, Inc. (NYSE:CF) to ‘Overweight’ from ‘Equal Weight’ and raised his price target to $120 from $103. The analyst noted that the company’s low-cost U.S. ammonia production gives it a competitive advantage over its European counterparts that are suffering from higher input costs. Theurer sees CF Industries Holdings, Inc. (NYSE:CF) benefiting from surging demand and tight supply as high prices in Europe eliminate its competition.

At the close of Q2, 52 hedge funds held stakes in CF Industries Holdings, Inc. (NYSE:CF) worth $1.33 billion. Soroban Capital Partners was the top stakeholder again, with a $213 million position.

Carillon Tower Advisers mentioned CF Industries Holdings, Inc. (NYSE:CF) in its “Carillon Clarivest Capital Appreciation Fund” first-quarter 2022 investor letter. Here is what the firm had to say:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. CF Industries (NYSE:CF) manufactures and distributes nitrogen fertilizer. The stock rose as Russia’s invasion of Ukraine accelerated already rising fertilizer prices.”