CF Industries Holdings, Inc. $CF Stock Acquired by Sowell Financial Services LLC

Key Points

• Sowell Financial Services increased its CF Industries stake by 817.4% in the third quarter, owning 43,972 shares valued at approximately $5.52 million. Institutional investors collectively hold 93.06% of the company’s stock.
• CF Industries’ latest quarterly results fell short of expectations, with EPS of $4.73 versus the $5.63 consensus estimate and revenue of $2.22 billion versus $2.45 billion expected, although revenue rose 17.6% year over year.
• The company declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a 2.0% yield. Analysts maintain an average “Hold” rating with a consensus price target of $121.94.

Sowell Financial Services LLC boosted its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 817.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,972 shares of the basic materials company's stock after purchasing an additional 39,179 shares during the quarter. Sowell Financial Services LLC's holdings in CF Industries were worth $5,519,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of CF Industries in the 2nd quarter valued at $1,410,607,000. Dimensional Fund Advisors LP grew its stake in shares of CF Industries by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company's stock valued at $579,062,000 after buying an additional 146,682 shares during the period. Bank of America Corp DE grew its stake in shares of CF Industries by 8.4% during the 1st quarter. Bank of America Corp DE now owns 2,048,671 shares of the basic materials company's stock valued at $265,999,000 after buying an additional 158,119 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of CF Industries during the 2nd quarter worth $198,857,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CF Industries by 1.9% during the 2nd 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 worth $189,139,000 after buying an additional 32,293 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

CF Industries Stock Down 1.5%

Shares of CF Industries stock opened at $118.07 on Friday. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96. The stock has a market cap of $17.87 billion, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 0.24 and a beta of 0.53. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $123.52 and a 200 day moving average price of $115.74.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.45 billion. During the same period last year, the business earned $2.37 earnings per share. The company's revenue for the quarter was up 17.6% compared to the same quarter last year. Equities research analysts forecast that CF Industries Holdings, Inc. will post 13.68 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a dividend of $0.60 per share. 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 presently 17.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CF shares. Rothschild & Co Redburn raised CF Industries from a "sell" rating to a "neutral" rating and increased their target price for the stock from $98.00 to $110.00 in a research report on Monday, September 28th. Weiss Ratings raised CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, September 16th. Freedom Broker lowered CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 26th. Canadian Imperial Bank of Commerce raised their price objective on CF Industries from $125.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, October 23rd. Finally, Morgan Stanley cut their price objective on CF Industries from $135.00 to $115.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, CF Industries currently has an average rating of "Hold" and an average price target of $121.94.

About CF Industries

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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