12,580 CF Industries Holdings, Inc. $CF Shares Acquired by Wedmont Private Capital

Key Points

• Wedmont Private Capital increased its CF Industries position by 409.2% in the third quarter, acquiring 12,580 additional shares and bringing its holdings to 15,654 shares valued at approximately $1.96 million.
• CF Industries reported quarterly revenue of $2.22 billion and earnings of $4.73 per share, both below analyst expectations, although revenue increased 17.6% year over year.
• The company declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a 2.1% yield. Analysts have a consensus “Hold” rating with an average price target of $121.11.

Wedmont Private Capital increased its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 409.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,654 shares of the basic materials company's stock after acquiring an additional 12,580 shares during the period. Wedmont Private Capital's holdings in CF Industries were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CF. BlackRock Inc. acquired a new position in CF Industries in the 2nd quarter worth about $1,410,607,000. Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 146,682 shares during the last quarter. Bank of America Corp DE grew its stake in shares of CF Industries by 8.4% in 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 buying an additional 158,119 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of CF Industries in the 2nd quarter valued at approximately $198,857,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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 buying an additional 32,293 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

CF Industries Stock Down 1.7%

Shares of CF Industries stock opened at $111.67 on Friday. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. 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 stock has a 50 day moving average price of $123.61 and a two-hundred day moving average price of $120.67. The stock has a market capitalization of $16.90 billion, a P/E ratio of 8.28, a PEG ratio of 0.22 and a beta of 0.53.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing analysts' consensus estimates of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The firm 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 business earned $2.37 EPS. The company's revenue for the quarter was up 17.6% compared to the same quarter last year. Equities 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 announced 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. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, November 16th. CF Industries's dividend payout ratio (DPR) is 17.79%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Scotiabank raised their price objective on shares of CF Industries from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce restated a "neutral" rating and set a $129.00 price target on shares of CF Industries in a research note on Friday, July 24th. Zacks Research downgraded shares of CF Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. set a $115.00 price objective on shares of CF Industries and gave the company a "sector perform" rating in a research note on Monday, October 5th. Finally, Weiss Ratings upgraded shares of CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $121.11.

CF Industries Profile

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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