103,183 CF Industries Holdings, Inc. $CF Shares Bought by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management increased its CF Industries position by 3,396.4% in the third quarter, buying 103,183 additional shares and bringing its holdings to 106,221 shares valued at approximately $13.4 million.
• Analyst sentiment remains mixed, with CF Industries receiving an overall “Hold” rating and a consensus price target of $121.89; institutional investors and hedge funds own 93.06% of the stock.
• CF Industries reported quarterly earnings of $4.73 per share, below the $5.63 consensus estimate, while revenue rose 17.6% year over year. The company declared a quarterly dividend of $0.60 per share, equivalent to a 2.0% annualized yield.

Apollon Wealth Management LLC lifted its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 3,396.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,221 shares of the basic materials company's stock after purchasing an additional 103,183 shares during the period. Apollon Wealth Management LLC owned 0.07% of CF Industries worth $13,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Himension Capital Singapore PTE. LTD. bought a new stake in CF Industries in the 1st quarter valued at about $25,000. Virtus Advisers LLC acquired a new position in shares of CF Industries during the 2nd quarter worth approximately $25,000. Continuum Advisory LLC acquired a new position in shares of CF Industries during the 2nd quarter worth approximately $28,000. Keating Financial Advisory Services Inc. bought a new position in shares of CF Industries during the second quarter worth approximately $29,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of CF Industries during the third quarter worth approximately $35,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce lifted their price target on shares of CF Industries from $125.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday. Wall Street Zen downgraded CF Industries from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. Freedom Broker lowered CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 26th. KeyCorp initiated coverage on CF Industries in a research note on Thursday, September 10th. They set an "underweight" rating and a $115.00 price objective on the stock. Finally, UBS Group set a $133.00 price objective on CF Industries in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, CF Industries currently has an average rating of "Hold" and a consensus target price of $121.89.

CF Industries Stock Down 0.0%

NYSE CF opened at $120.65 on Monday. The business has a fifty day moving average price of $123.74 and a two-hundred day moving average price of $119.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The stock has a market capitalization of $18.26 billion, a PE ratio of 8.94, a PEG ratio of 0.23 and a beta of 0.53.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%. CF Industries's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.37 earnings per share. Equities analysts expect that CF Industries Holdings, Inc. will post 13.90 earnings per share for the current fiscal 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 dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. CF Industries's dividend payout ratio (DPR) is 17.79%.

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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