Ashton Thomas Private Wealth LLC Buys 3,471 Shares of CF Industries Holdings, Inc. $CF

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in CF Industries Holdings, Inc. by 38.9%, now owning 12,392 shares valued at approximately $968,000.
• CF Industries reported a 20.2% revenue increase year-over-year, with earnings per share of $2.37, surpassing analyst estimates of $2.35 for the last quarter.
• The company recently announced a quarterly dividend of $0.50, representing an annual yield of 2.3%, with a dividend payout ratio of 26.11%.

Ashton Thomas Private Wealth LLC boosted its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 38.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,392 shares of the basic materials company's stock after buying an additional 3,471 shares during the period. Ashton Thomas Private Wealth LLC's holdings in CF Industries were worth $968,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CF. Curat Global LLC acquired a new position in shares of CF Industries during the first quarter valued at $25,000. Zions Bancorporation National Association UT acquired a new position in shares of CF Industries during the first quarter valued at $27,000. Golden State Wealth Management LLC boosted its stake in CF Industries by 119.8% during the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after buying an additional 206 shares in the last quarter. TCTC Holdings LLC boosted its stake in CF Industries by 114.1% during the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock valued at $30,000 after buying an additional 202 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in CF Industries during the fourth quarter valued at about $34,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on CF. Zacks Research cut CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. BNP Paribas lowered CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Morgan Stanley set a $95.00 price objective on CF Industries and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Barclays upgraded CF Industries from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $95.00 to $100.00 in a report on Wednesday, August 13th. Finally, UBS Group reduced their price target on CF Industries from $103.00 to $101.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $95.00.

CF Industries Stock Performance

NYSE CF traded down $0.48 during trading on Tuesday, hitting $84.87. The company's stock had a trading volume of 2,600,946 shares, compared to its average volume of 2,083,459. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average price of $88.81 and a 200 day moving average price of $85.45. The firm has a market cap of $13.75 billion, a P/E ratio of 11.08 and a beta of 0.95. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.35 by $0.02. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The company's revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.30 EPS. Equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.50 per share. The ex-dividend date was Friday, August 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. CF Industries's payout ratio is currently 26.11%.

Insider Activity

In other news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the sale, the executive vice president directly owned 87,923 shares in the company, valued at approximately $8,812,522.29. The trade was a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.71% of the company's stock.

CF Industries Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.