CF Industries Holdings, Inc. $CF Stock: Brown Lisle Cummings Inc. Raises Holdings

Key Points

• Brown Lisle Cummings Inc. increased its CF Industries stake by 431.8% in the third quarter, ending with 15,764 shares valued at approximately $1.97 million. Institutional investors and hedge funds collectively own 93.06% of the company.
• CF Industries reported quarterly revenue of $2.22 billion and earnings per share of $4.73, missing analysts’ estimates of $2.45 billion and $5.63, respectively, though revenue grew 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’ consensus rating is “Hold,” with an average price target of $121.11.

Brown Lisle Cummings Inc. raised its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 431.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,764 shares of the basic materials company's stock after acquiring an additional 12,800 shares during the period. Brown Lisle Cummings Inc.'s holdings in CF Industries were worth $1,965,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CF. Himension Capital Singapore PTE. LTD. acquired a new stake in CF Industries in the 1st quarter worth about $25,000. Virtus Advisers LLC acquired a new stake in shares of CF Industries in the second quarter valued at approximately $25,000. Continuum Advisory LLC acquired a new stake in shares of CF Industries in the second quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of CF Industries in the second quarter valued at approximately $29,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of CF Industries in the third quarter valued at approximately $35,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Price Performance

CF stock opened at $120.90 on Friday. The company's 50-day moving average price is $123.78 and its two-hundred day moving average price is $120.31. The firm has a market cap of $18.30 billion, a P/E ratio of 8.96, a P/E/G ratio of 0.23 and a beta of 0.53. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts' consensus estimates of $5.63 by ($0.90). The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%. The business's revenue was up 17.6% on a year-over-year basis. During the same period last year, the company posted $2.37 EPS. On average, analysts anticipate that CF Industries Holdings, Inc. will post 13.90 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Canadian Imperial Bank of Commerce reissued a "neutral" rating and set a $129.00 price target on shares of CF Industries in a research report on Friday, July 24th. set a $115.00 price objective on CF Industries and gave the company a "sector perform" rating in a report on Monday, October 5th. Weiss Ratings upgraded CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, September 16th. BMO Capital Markets cut their target price on CF Industries from $140.00 to $135.00 and set an "outperform" rating for the company in a research report on Tuesday, June 30th. Finally, KeyCorp initiated coverage on CF Industries in a report on Thursday, September 10th. They set an "underweight" rating and a $115.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $121.11.

CF Industries Company 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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