45,846 CF Industries Holdings, Inc. $CF Shares Acquired by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors increased its CF Industries stake by 1,708.8% in the third quarter, acquiring 45,846 additional shares and bringing its total holdings to 48,529 shares valued at approximately $6.1 million.
• Institutional investors own 93.06% of CF Industries. Analysts’ average rating is “Hold”, with an average price target of $121.89.
• CF Industries reported quarterly EPS of $4.73, below the $5.63 consensus estimate, while revenue rose 17.6% year over year to $2.22 billion. The company also declared a quarterly dividend of $0.60 per share, representing a 2.0% yield.

Fifth Third Wealth Advisors LLC boosted its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 1,708.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,529 shares of the basic materials company's stock after acquiring an additional 45,846 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in CF Industries were worth $6,113,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CF. BlackRock Inc. acquired a new stake in shares of CF Industries during the 2nd quarter worth approximately $1,410,607,000. Dimensional Fund Advisors LP lifted its stake 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 worth $579,062,000 after buying an additional 146,682 shares during the last quarter. Bank of America Corp DE increased its position in 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 worth $265,999,000 after buying an additional 158,119 shares during the period. Bank of New York Mellon Corp bought a new position in shares of CF Industries during the second quarter worth approximately $198,857,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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. 93.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CF has been the subject of a number of research analyst reports. Wall Street Zen cut CF Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. set a $115.00 target price on shares of CF Industries and gave the company a "sector perform" rating in a research report on Monday, October 5th. KeyCorp initiated coverage on shares of CF Industries in a report on Thursday, September 10th. They issued an "underweight" rating and a $115.00 price target for the company. Scotiabank lifted their price target 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. 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 for the company. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $121.89.

CF Industries Price Performance

CF Industries stock opened at $120.65 on Friday. The business's 50 day simple moving average is $123.74 and its 200 day simple moving average is $119.87. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 0.23 and a beta of 0.53. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations of $2.45 billion. During the same period in the prior year, the company earned $2.37 EPS. The firm's quarterly revenue was up 17.6% on a year-over-year basis. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 13.89 EPS for the current year.

CF Industries Announces Dividend

The firm 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. The ex-dividend date 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 presently 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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