Cyndeo Wealth Partners LLC Acquires 14,214 Shares of CF Industries Holdings, Inc. $CF

Key Points

• Cyndeo Wealth Partners increased its CF Industries stake by 452.8% in the third quarter, acquiring 14,214 additional shares for a total position valued at approximately $2.16 million. Institutional investors collectively own 93.06% of the company.
• Analyst sentiment remains mixed, with CF Industries holding a consensus “Hold” rating and an average price target of $121.11. Recent target prices ranged from $115 to $123.
• CF Industries reported quarterly earnings of $4.73 per share and revenue of $2.22 billion, both below analyst expectations, though revenue increased 17.6% year over year. The company declared a quarterly dividend of $0.60 per share, equivalent to a 2.0% annual yield.

Cyndeo Wealth Partners LLC boosted its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 452.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,353 shares of the basic materials company's stock after acquiring an additional 14,214 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in CF Industries were worth $2,159,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Himension Capital Singapore PTE. LTD. purchased a new position in shares of CF Industries during the first quarter valued at approximately $25,000. Virtus Advisers LLC bought a new stake in CF Industries during the second quarter worth $25,000. Continuum Advisory LLC bought a new stake in CF Industries during the second quarter worth $28,000. Keating Financial Advisory Services Inc. purchased a new stake in CF Industries in the 2nd quarter valued at $29,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in CF Industries in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 93.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CF. Weiss Ratings upgraded CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, September 16th. Wall Street Zen downgraded shares of CF Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. UBS Group upped their target price on shares of CF Industries from $115.00 to $123.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Morgan Stanley lowered their target price on shares of CF Industries from $135.00 to $115.00 and set an "equal weight" rating for the company in a report on Tuesday, July 7th. Finally, set a $115.00 target price on shares of CF Industries and gave the company a "sector perform" rating in a report on Monday, October 5th. Two 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $121.11.

CF Industries Stock Performance

Shares of CF stock opened at $120.90 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. The firm has a market cap of $18.30 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 0.23 and a beta of 0.53. CF Industries Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The firm's 50-day simple moving average is $123.78 and its two-hundred day simple moving average is $120.31.

CF Industries (NYSE:CF - Get Free Report) last released its 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). 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 for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the company earned $2.37 earnings per share. The firm's revenue was up 17.6% on a year-over-year basis. As a group, equities analysts forecast that CF Industries Holdings, Inc. will post 13.90 earnings per share for the current year.

CF Industries Announces Dividend

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. The ex-dividend date is Monday, November 16th. This represents a $2.40 annualized dividend and a yield of 2.0%. CF Industries's dividend payout ratio is presently 17.79%.

CF Industries 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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