Centric Wealth Management Acquires New Shares in CF Industries Holdings, Inc. $CF

Centric Wealth Management acquired a new position in CF Industries Holdings, Inc. (NYSE:CF) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 30,681 shares of the basic materials company’s stock, valued at approximately $3,862,000.

A number of other hedge funds have also bought and sold shares of CF. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of CF Industries by 3.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock valued at $306,000 after acquiring an additional 84 shares during the last quarter. Eley Financial Management Inc raised its holdings in shares of CF Industries by 0.6% during the first quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company’s stock valued at $1,787,000 after purchasing an additional 87 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in shares of CF Industries by 1.1% during the first quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company’s stock valued at $1,062,000 after purchasing an additional 89 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in CF Industries by 6.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 97 shares during the period. Finally, Lakewood Asset Management LLC lifted its position in CF Industries by 0.9% during the fourth quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company’s stock valued at $957,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 1.1%

Shares of CF stock opened at $118.32 on Friday. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The stock has a market cap of $17.91 billion, a P/E ratio of 8.77 and a beta of 0.39. The company has a 50 day simple moving average of $114.61 and a two-hundred day simple moving average of $114.63.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the prior year, the business earned $2.37 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. On average, research analysts expect that CF Industries Holdings, Inc. will post 13.85 earnings per share for the current year.

CF Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. This is an increase from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s payout ratio is 14.83%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $129.00 price target on shares of CF Industries in a report on Friday, July 24th. Bank of America increased their price target on CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Berenberg Bank lifted their price objective on CF Industries from $86.00 to $106.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, Royal Bank Of Canada reduced their price objective on CF Industries from $125.00 to $115.00 and set a “sector perform” rating for the company in a research report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $116.56.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.