Chicago Partners Investment Group LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,041 shares of the basic materials company's stock, valued at approximately $379,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new position in shares of CF Industries in the second quarter valued at $26,000. Zions Bancorporation National Association UT bought a new position in shares of CF Industries in the first quarter valued at $27,000. Golden State Wealth Management LLC grew its stake in shares of CF Industries by 119.8% in the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after buying an additional 206 shares in the last quarter. TCTC Holdings LLC grew its stake in shares of CF Industries by 114.1% in the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock valued at $30,000 after buying an additional 202 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of CF Industries in the first quarter valued at $50,000. 93.06% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
CF has been the subject of several analyst reports. BNP Paribas cut shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Mizuho lifted their price objective on shares of CF Industries from $97.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, October 9th. UBS Group reduced their price objective on shares of CF Industries from $101.00 to $96.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Zacks Research cut shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Finally, Bank of America lifted their price objective on shares of CF Industries from $82.00 to $83.00 and gave the stock an "underperform" rating in a research report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $97.54.
Get Our Latest Research Report on CF Industries
CF Industries Stock Up 1.2%
CF stock opened at $86.99 on Friday. The company has a market cap of $14.09 billion, a PE ratio of 11.36 and a beta of 0.93. The business has a 50-day simple moving average of $86.70 and a 200 day simple moving average of $87.37. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38.
CF Industries (NYSE:CF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.35 by $0.02. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The business's quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.30 earnings per share. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.
CF Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. CF Industries's payout ratio is 26.11%.
About CF Industries
(
Free Report)
CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.
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