Vertrix Wealth Management LLC Makes New Investment in CF Industries Holdings, Inc. $CF

Key Points

• Vertrix Wealth Management acquired 31,285 CF Industries shares worth approximately $3.6 million during the third quarter. Institutional investors collectively own 93.06% of the company.
• Analyst sentiment is mixed, with CF Industries carrying a consensus “Hold” rating and an average price target of $121.11.
• CF Industries reported quarterly earnings of $4.73 per share, below the $5.63 estimate, while revenue rose 17.6% year over year to $2.22 billion. The company also declared a quarterly dividend of $0.60 per share, representing a 2.1% yield.

Vertrix Wealth Management LLC acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 31,285 shares of the basic materials company's stock, valued at approximately $3,604,000.

A number of other hedge funds also recently modified their holdings of the stock. Balefire LLC grew its stake in CF Industries by 36.8% in the 3rd quarter. Balefire LLC now owns 8,197 shares of the basic materials company's stock valued at $976,000 after buying an additional 2,207 shares during the last quarter. Wedmont Private Capital lifted its position in CF Industries by 409.2% during the third quarter. Wedmont Private Capital now owns 15,654 shares of the basic materials company's stock worth $1,962,000 after acquiring an additional 12,580 shares during the last quarter. Insight Wealth Strategies LLC boosted its holdings in shares of CF Industries by 1.6% during the third quarter. Insight Wealth Strategies LLC now owns 55,706 shares of the basic materials company's stock worth $6,417,000 after acquiring an additional 874 shares during the period. Douglas Lane & Associates LLC boosted its holdings in shares of CF Industries by 465.0% during the third quarter. Douglas Lane & Associates LLC now owns 609,443 shares of the basic materials company's stock worth $76,313,000 after acquiring an additional 501,586 shares during the period. Finally, Monument Capital Management bought a new stake in shares of CF Industries during the third quarter worth approximately $2,468,000. Institutional investors and hedge funds own 93.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada lowered their target price on CF Industries from $125.00 to $115.00 and set a "sector perform" rating on the stock in a research note on Friday, July 17th. UBS Group upped their price objective on CF Industries from $115.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Zacks Research cut CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 15th. Rothschild & Co Redburn raised CF Industries from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $98.00 to $110.00 in a report on Monday, September 28th. Finally, Freedom Broker cut shares of CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 26th. Two research 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's stock. According to data from MarketBeat, CF Industries currently has an average rating of "Hold" and a consensus target price of $121.11.

CF Industries Stock Performance

Shares of NYSE:CF opened at $114.53 on Tuesday. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The company's 50 day moving average price is $123.54 and its two-hundred day moving average price is $120.59. The firm has a market cap of $17.33 billion, a PE ratio of 8.49, a PEG ratio of 0.22 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 (NYSE:CF - Get Free Report) last released 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 business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The firm's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.37 earnings per share. Equities research analysts predict that CF Industries Holdings, Inc. will post 13.90 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, November 16th. CF Industries's dividend payout ratio (DPR) is 17.79%.

About CF Industries

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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