Kestra Investment Management LLC lowered its stake in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 36.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,091 shares of the basic materials company’s stock after selling 5,799 shares during the period. Kestra Investment Management LLC’s holdings in CF Industries were worth $1,163,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Himension Capital Singapore PTE. LTD. bought a new position in CF Industries during the first quarter valued at $25,000. Virtus Advisers LLC purchased a new stake in CF Industries in the second quarter worth $25,000. Continuum Advisory LLC purchased a new stake in CF Industries in the second quarter worth $28,000. Keating Financial Advisory Services Inc. purchased a new stake in CF Industries in the second quarter worth $29,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of CF Industries in the third quarter valued at $35,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.
CF Industries Stock Up 2.5%
CF opened at $122.31 on Wednesday. The company has a 50 day moving average of $122.17 and a 200 day moving average of $117.04. The company has a market cap of $17.89 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.24 and a beta of 0.54. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a current ratio of 2.98, a quick ratio of 2.68 and a debt-to-equity ratio of 0.36.
CF Industries (NYSE:CF – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $2.87 earnings per share for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.13). CF Industries had a net margin of 27.48% and a return on equity of 24.52%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the firm posted $2.19 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 13.59 EPS for the current year.
CF Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued 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 dividend payout ratio (DPR) is presently 16.94%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on CF shares. Freedom Broker dropped their price target on CF Industries from $133.00 to $129.00 and set a “hold” rating on the stock in a research report on Monday, November 2nd. UBS Group lifted their price objective on CF Industries from $123.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, October 27th. Truist Financial set a $129.00 price objective on CF Industries in a research note on Monday, November 2nd. Royal Bank Of Canada boosted their price objective on CF Industries from $115.00 to $125.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, Sanford C. Bernstein began coverage on shares of CF Industries in a report on Friday, September 25th. They set an “outperform” rating and a $162.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $123.15.
Get Our Latest Report on CF Industries
CF Industries Company Profile
CF Industries Holdings, Inc. is a producer and distributor of nitrogen fertilizer and related products. Its main offerings include ammonia, granular urea, urea ammonium nitrate (UAN) and ammonium nitrate, which are used primarily to support crop production. The company also supplies nitrogen products for industrial applications, including emissions control and chemical manufacturing. Founded in 1946 as the Central Farmers Fertilizer Company, CF Industries grew from a cooperative serving agricultural retailers into a major nitrogen producer.
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