Fifth Third Wealth Advisors LLC grew its stake in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 1,708.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,529 shares of the basic materials company’s stock after buying an additional 45,846 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in CF Industries were worth $6,113,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of CF. BlackRock Inc. purchased a new stake in CF Industries in the 2nd quarter worth approximately $1,410,607,000. Dimensional Fund Advisors LP grew its position in shares of CF Industries by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after purchasing an additional 146,682 shares in the last quarter. Bank of America Corp DE grew its position in shares of CF Industries by 8.4% during the 1st quarter. Bank of America Corp DE now owns 2,048,671 shares of the basic materials company’s stock valued at $265,999,000 after purchasing an additional 158,119 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of CF Industries during the 2nd quarter valued at $198,857,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CF Industries by 1.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,747,078 shares of the basic materials company’s stock worth $189,139,000 after purchasing an additional 32,293 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.
CF Industries Trading Up 1.8%
CF stock opened at $120.65 on Friday. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The company has a market capitalization of $18.26 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 0.23 and a beta of 0.53. The company’s 50 day moving average price is $123.74 and its two-hundred day moving average price is $119.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86.
CF Industries (NYSE:CF – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the firm earned $2.37 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts predict that CF Industries Holdings, Inc. will post 13.89 earnings per share for the current fiscal year.
CF Industries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, November 16th. CF Industries’s payout ratio is 17.79%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada lowered their price objective on CF Industries from $125.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Friday, July 17th. BMO Capital Markets decreased their target price on CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. UBS Group set a $133.00 price target on CF Industries in a report on Friday. Canadian Imperial Bank of Commerce raised their price target on CF Industries from $125.00 to $133.00 and gave the company a “neutral” rating in a report on Friday. Finally, KeyCorp began coverage on CF Industries in a research report on Thursday, September 10th. They set an “underweight” rating and a $115.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $121.89.
About CF Industries
CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.
The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.
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