Signal Advisors Wealth LLC acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,550 shares of the basic materials company’s stock, valued at approximately $2,698,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of CF Industries during the second quarter worth $1,410,607,000. Bank of New York Mellon Corp acquired a new stake in shares of CF Industries in the second quarter valued at about $198,857,000. Bank of America Corp DE acquired a new stake in shares of CF Industries in the second quarter valued at about $186,353,000. Deutsche Bank AG purchased a new position in shares of CF Industries in the second quarter worth about $157,850,000. Finally, Caisse de depot et placement du Quebec purchased a new position in shares of CF Industries in the second quarter worth about $99,909,000. Institutional investors and hedge funds own 93.06% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. UBS Group increased their price objective on shares of CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, August 7th. The Goldman Sachs Group cut their price objective on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, June 23rd. Royal Bank Of Canada decreased their target price on shares of CF Industries from $125.00 to $115.00 and set a “sector perform” rating on the stock in a research note on Friday, July 17th. Finally, KeyCorp began coverage on CF Industries in a report on Thursday, September 10th. They set an “underweight” rating and a $115.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $121.11.
CF Industries Stock Up 1.9%
Shares of NYSE:CF opened at $119.51 on Thursday. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $123.60 and a two-hundred day moving average of $120.42. The stock has a market cap of $18.09 billion, a P/E ratio of 8.86, a PEG ratio of 0.23 and a beta of 0.53. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96.
CF Industries (NYSE:CF – Get Free Report) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the business earned $2.37 earnings per share. The firm’s revenue was up 17.6% compared to the same quarter last year. On average, research analysts expect that CF Industries Holdings, Inc. will post 13.90 earnings per share for the current year.
CF Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. CF Industries’s dividend payout ratio is currently 17.79%.
About CF Industries
CF Industries Holdings, Inc (NYSE: CF) is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.
CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.
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