CF Industries Holdings, Inc. $CF Stake Increased by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its CF Industries stake by 979.4% in the third quarter, acquiring 88,610 additional shares for a total of 97,657 shares valued at approximately $12.3 million. Institutional investors collectively own 93.06% of the company.
• Analyst sentiment remains mixed, with CF receiving an overall “Hold” rating and a consensus price target of $121.11. Recent targets range from $123 to $135, while ratings include two Strong Buys, six Buys, twelve Holds and three Sells.
• CF Industries reported quarterly revenue of $2.22 billion and EPS of $4.73, missing analyst expectations, though revenue rose 17.6% year over year. The company declared a quarterly dividend of $0.60 per share, representing a 2.0% yield.

Crossmark Global Holdings Inc. grew its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 979.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 97,657 shares of the basic materials company's stock after buying an additional 88,610 shares during the quarter. Crossmark Global Holdings Inc. owned approximately 0.06% of CF Industries worth $12,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new stake in CF Industries during the 2nd quarter worth about $1,410,607,000. Dimensional Fund Advisors LP raised its stake in shares of CF Industries by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company's stock worth $579,062,000 after acquiring an additional 146,682 shares during the last quarter. Bank of America Corp DE lifted its position in shares of CF Industries by 8.4% during the first quarter. Bank of America Corp DE now owns 2,048,671 shares of the basic materials company's stock worth $265,999,000 after purchasing an additional 158,119 shares in the last quarter. Bank of New York Mellon Corp acquired 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 grew its stake in shares of CF Industries by 1.9% during 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 valued at $189,139,000 after purchasing an additional 32,293 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on CF shares. Weiss Ratings raised shares of CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, September 16th. BMO Capital Markets decreased their price objective on CF Industries from $140.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 30th. Wall Street Zen downgraded CF Industries from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. UBS Group upped their price target on CF Industries from $115.00 to $123.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Finally, Scotiabank upped their price target on CF Industries from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $121.11.

CF Industries Trading Up 2.0%

Shares of NYSE CF opened at $118.66 on Friday. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The firm has a market capitalization of $17.96 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.23 and a beta of 0.53. 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 company's 50 day simple moving average is $123.69 and its 200 day simple moving average is $119.86.

CF Industries (NYSE:CF - Get Free Report) last released its 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). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%. CF Industries's revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.37 EPS. On average, analysts predict that CF Industries Holdings, Inc. will post 13.90 EPS for the current year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, November 16th. CF Industries's dividend payout ratio (DPR) is currently 17.79%.

CF Industries Profile

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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