United Services Automobile Association Takes Position in CF Industries Holdings, Inc. $CF

Key Points

• United Services Automobile Association invested approximately $344,000 in CF Industries Holdings, acquiring 4,451 shares during the first quarter, reflecting increased interest from institutional investors.
• CF Industries recently declared a quarterly dividend of $0.50 per share, representing an annualized yield of 2.3% and a dividend payout ratio of 26.11%.
• Research analysts have mixed opinions on CF Industries, with a consensus Hold rating and a price target averaging around $95.00, indicating cautious sentiment despite recent earnings outperformance.

United Services Automobile Association bought a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 4,451 shares of the basic materials company's stock, valued at approximately $344,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CF. Curat Global LLC bought a new position in CF Industries during the 1st quarter worth approximately $25,000. Zions Bancorporation National Association UT bought a new position in CF Industries during the first quarter worth $27,000. Golden State Wealth Management LLC lifted its stake in CF Industries by 119.8% during the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock worth $30,000 after purchasing an additional 206 shares during the last quarter. TCTC Holdings LLC lifted its stake in CF Industries by 114.1% during the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock worth $30,000 after purchasing an additional 202 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in CF Industries during the fourth quarter worth $34,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the completion of the transaction, the executive vice president owned 87,923 shares of the company's stock, valued at $8,812,522.29. The trade was a 10.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.71% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CF shares. Wells Fargo & Company reduced their price objective on CF Industries from $108.00 to $101.00 and set an "overweight" rating on the stock in a research note on Monday, August 11th. Bank of America reaffirmed an "underperform" rating and issued a $82.00 target price (down from $93.00) on shares of CF Industries in a research report on Thursday, August 14th. Wolfe Research lowered CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. raised CF Industries from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $75.00 to $92.00 in a research report on Tuesday, July 29th. Finally, Barclays raised CF Industries from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $95.00.

CF Industries Stock Down 0.3%

Shares of NYSE:CF traded down $0.22 during trading on Wednesday, reaching $84.75. 240,649 shares of the company traded hands, compared to its average volume of 2,703,297. The firm has a market cap of $13.73 billion, a P/E ratio of 11.07 and a beta of 0.95. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year 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. The firm has a fifty day simple moving average of $88.81 and a 200 day simple moving average of $85.45.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.02. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The firm's revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 EPS. Analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, August 15th. CF Industries's payout ratio is presently 26.11%.

CF Industries Company Profile

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.