CF Industries Holdings, Inc. $CF Shares Purchased by Everhart Financial Group Inc.

Key Points

• Everhart Financial Group increased its CF Industries stake by 306.5% in the third quarter, bringing its holdings to 13,753 shares valued at approximately $1.7 million. Institutional investors collectively own 93.06% of the company.
• CF Industries shares recently traded at $114.65, with a market capitalization of $17.35 billion and a price-to-earnings ratio of 8.49. The stock remains below its 52-week high of $141.96.
• The company reported quarterly earnings of $4.73 per share, below analysts’ $5.63 estimate, while revenue rose 17.6% year over year to $2.22 billion. CF Industries declared a quarterly dividend of $0.60, and analysts maintain a consensus “Hold” rating with a $121.11 target price.

Everhart Financial Group Inc. boosted its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 306.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,753 shares of the basic materials company's stock after purchasing an additional 10,370 shares during the quarter. Everhart Financial Group Inc.'s holdings in CF Industries were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vann Equity Management LLC lifted its holdings in shares of CF Industries by 127.3% during the 3rd quarter. Vann Equity Management LLC now owns 8,797 shares of the basic materials company's stock worth $1,071,000 after acquiring an additional 4,926 shares during the period. City Center Advisors LLC purchased a new stake in CF Industries during the third quarter valued at about $208,000. Winebrenner Capital Management LLC increased its stake in CF Industries by 29.1% during the third quarter. Winebrenner Capital Management LLC now owns 19,365 shares of the basic materials company's stock worth $2,281,000 after acquiring an additional 4,365 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in shares of CF Industries by 419.5% in the 3rd quarter. Elevation Wealth Partners LLC now owns 2,234 shares of the basic materials company's stock valued at $278,000 after purchasing an additional 1,804 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in CF Industries in the third quarter valued at approximately $35,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Stock Up 0.2%

Shares of NYSE CF traded up $0.21 during mid-day trading on Thursday, hitting $114.65. The company had a trading volume of 1,243,811 shares, compared to its average volume of 3,265,414. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32. The business's 50-day simple moving average is $124.12 and its 200 day simple moving average is $120.82. The company has a market capitalization of $17.35 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.23 and a beta of 0.53. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.45 billion. During the same quarter in the previous year, the firm earned $2.37 EPS. CF Industries's revenue for the quarter was up 17.6% compared to the same quarter last year. On average, analysts predict that CF Industries Holdings, Inc. will post 13.9 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders 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 dividend on an annualized basis and a yield of 2.1%. CF Industries's payout ratio is currently 17.79%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings raised CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, September 16th. set a $115.00 price target on shares of CF Industries and gave the stock a "sector perform" rating in a research note on Monday. UBS Group upped their price objective on shares of CF Industries from $115.00 to $123.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Morgan Stanley lowered their target price on CF Industries from $135.00 to $115.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 7th. Finally, Zacks Research downgraded CF Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently 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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