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CF Industries Holdings, Inc. (NYSE:CF) Position Increased by Cerity Partners LLC

CF Industries logo with Basic Materials background

Cerity Partners LLC grew its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 31.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,208 shares of the basic materials company's stock after purchasing an additional 4,089 shares during the period. Cerity Partners LLC's holdings in CF Industries were worth $1,345,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CF. HighTower Advisors LLC lifted its holdings in shares of CF Industries by 15.5% in the 4th quarter. HighTower Advisors LLC now owns 19,414 shares of the basic materials company's stock worth $1,656,000 after purchasing an additional 2,612 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of CF Industries by 132.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 23,307 shares of the basic materials company's stock worth $1,989,000 after purchasing an additional 13,261 shares during the last quarter. Corient Private Wealth LLC raised its stake in CF Industries by 2.0% during the 4th quarter. Corient Private Wealth LLC now owns 17,092 shares of the basic materials company's stock valued at $1,458,000 after acquiring an additional 338 shares in the last quarter. Whittier Trust Co. raised its stake in CF Industries by 167.3% during the 4th quarter. Whittier Trust Co. now owns 671 shares of the basic materials company's stock valued at $57,000 after acquiring an additional 420 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in CF Industries during the 4th quarter valued at $568,000. Institutional investors and hedge funds own 93.06% of the company's stock.

Analyst Ratings Changes

CF has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on CF Industries from $105.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Royal Bank Of Canada set a $100.00 price target on CF Industries and gave the company a "sector perform" rating in a research note on Monday, July 14th. Barclays increased their price target on CF Industries from $91.00 to $95.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Scotiabank upgraded CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price objective for the company in a report on Wednesday, April 9th. Finally, UBS Group raised their target price on CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $93.00.

Read Our Latest Research Report on CF

Insider Activity

In related news, EVP Susan L. Menzel sold 10,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the completion of the sale, the executive vice president directly owned 87,923 shares in the company, valued at $8,812,522.29. This represents a 10.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.71% of the stock is currently owned by insiders.

CF Industries Stock Performance

Shares of NYSE:CF traded up $0.72 during midday trading on Tuesday, hitting $91.71. The stock had a trading volume of 1,972,091 shares, compared to its average volume of 2,262,610. The stock has a 50 day moving average price of $93.04 and a two-hundred day moving average price of $85.49. The company has a current ratio of 2.59, a quick ratio of 2.22 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $15.55 billion, a PE ratio of 12.08 and a beta of 0.96. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45.

CF Industries (NYSE:CF - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.47 by $0.38. CF Industries had a net margin of 21.80% and a return on equity of 17.39%. The company had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period last year, the company posted $1.03 earnings per share. The business's revenue for the quarter was up 13.1% on a year-over-year basis. As a group, equities analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.18%. CF Industries's dividend payout ratio (DPR) is 26.35%.

CF Industries announced that its board has approved a share buyback plan on Wednesday, May 7th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to purchase up to 14.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

About CF Industries

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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