CF Industries Holdings, Inc. $CF Stock: IFP Advisors Inc Boosts Holdings

Key Points

• IFP Advisors increased its CF Industries stake by 342.9% in the third quarter, holding 29,553 shares valued at approximately $3.67 million. Institutional investors collectively own 93.06% of the company.
• Analyst sentiment remains mixed but leans toward “Hold”: MarketBeat reports a consensus rating of Hold and an average price target of $121.11, with several firms recently lowering their targets.
• CF Industries reported quarterly EPS of $4.73, below the $5.63 consensus estimate, while revenue rose 17.6% year over year to $2.22 billion. The company declared a quarterly dividend of $0.60 per share, equivalent to a 2.0% yield.

IFP Advisors Inc grew its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 342.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,553 shares of the basic materials company's stock after purchasing an additional 22,880 shares during the quarter. IFP Advisors Inc's holdings in CF Industries were worth $3,667,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CF. Himension Capital Singapore PTE. LTD. bought a new stake in CF Industries during the first quarter worth approximately $25,000. Virtus Advisers LLC acquired a new position in CF Industries in the second quarter worth approximately $25,000. Continuum Advisory LLC bought a new stake in CF Industries in the second quarter worth $28,000. Keating Financial Advisory Services Inc. bought a new stake in CF Industries during the second quarter worth approximately $29,000. Finally, Retirement Wealth Solutions LLC acquired a new position in CF Industries during the 3rd quarter worth $35,000. Institutional investors own 93.06% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of 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. BMO Capital Markets decreased their price objective on CF Industries from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Tuesday, June 30th. The Goldman Sachs Group reduced their target price on CF Industries from $133.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, June 23rd. Wall Street Zen cut shares of CF Industries from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. Finally, Weiss Ratings upgraded CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $121.11.

CF Industries Stock Performance

Shares of CF stock opened at $118.61 on Tuesday. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The company has a market cap of $17.95 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 0.23 and a beta of 0.53. The firm has a 50 day moving average of $123.73 and a 200-day moving average of $120.11.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (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 business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the business posted $2.37 EPS. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities analysts forecast that CF Industries Holdings, Inc. will post 13.90 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 16th. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. CF Industries's dividend payout ratio 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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