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Cetera Investment Advisers Has $2.06 Million Stake in CF Industries Holdings, Inc. (NYSE:CF)

CF Industries logo with Basic Materials background

Key Points

  • Cetera Investment Advisers reduced its stake in CF Industries by 13.3%, holding 26,300 shares worth approximately $2.06 million at the end of the last reporting period.
  • CF Industries recently declared a quarterly dividend of $0.50 per share, which represents a 2.5% yield and follows an approval for a $2 billion stock repurchase plan.
  • The company's stock price hit $80.68 recently, with shares experiencing a significant trading volume of over 5.7 million, and it maintains a market cap of $13.68 billion.
  • Looking to export and analyze CF Industries data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Cetera Investment Advisers reduced its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,300 shares of the basic materials company's stock after selling 4,033 shares during the period. Cetera Investment Advisers' holdings in CF Industries were worth $2,055,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. First Trust Advisors LP grew its position in CF Industries by 3.5% during the fourth quarter. First Trust Advisors LP now owns 4,425,518 shares of the basic materials company's stock valued at $377,585,000 after purchasing an additional 150,461 shares in the last quarter. Ameriprise Financial Inc. grew its position in CF Industries by 29.4% during the fourth quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company's stock valued at $239,299,000 after purchasing an additional 637,784 shares in the last quarter. Bank of New York Mellon Corp grew its position in CF Industries by 72.8% during the first quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company's stock valued at $178,053,000 after purchasing an additional 959,901 shares in the last quarter. Earnest Partners LLC grew its position in CF Industries by 3.3% during the fourth quarter. Earnest Partners LLC now owns 2,248,740 shares of the basic materials company's stock valued at $191,862,000 after purchasing an additional 71,512 shares in the last quarter. Finally, Deutsche Bank AG grew its position in CF Industries by 20.9% during the fourth quarter. Deutsche Bank AG now owns 1,280,937 shares of the basic materials company's stock valued at $109,290,000 after purchasing an additional 221,636 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Trading Up 2.5%

Shares of NYSE:CF traded up $2.06 during mid-day trading on Monday, reaching $82.97. The stock had a trading volume of 1,594,052 shares, compared to its average volume of 2,757,979. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The firm has a market cap of $14.07 billion, a PE ratio of 10.82 and a beta of 0.94. The firm has a 50 day simple moving average of $93.88 and a two-hundred day simple moving average of $85.34. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45.

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

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 15th. CF Industries's payout ratio is presently 26.11%.

CF Industries declared that its Board of Directors has approved a stock buyback program on Wednesday, May 7th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the basic materials company to reacquire up to 14.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on CF shares. Wells Fargo & Company reduced their price objective on shares of CF Industries from $108.00 to $101.00 and set an "overweight" rating for the company in a research note on Monday. UBS Group lowered their price target on shares of CF Industries from $103.00 to $101.00 and set a "neutral" rating on the stock in a report on Thursday. Barclays boosted their price target on shares of CF Industries from $91.00 to $95.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Scotiabank reaffirmed a "sector perform" rating and issued a $82.00 target price (up previously from $81.00) on shares of CF Industries in a report on Monday. Finally, Oppenheimer downgraded shares of CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. Thirteen equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CF Industries currently has a consensus rating of "Hold" and a consensus price target of $94.77.

Read Our Latest Stock Analysis on CF

Insider Activity

In related news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $100.23, for a total value of $1,002,300.00. Following the completion of the transaction, the executive vice president owned 87,923 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. Insiders own 0.42% of the company's stock.

CF Industries Profile

(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.

Read More

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

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