CF Industries Holdings, Inc. $CF Stock: Royal Fund Management LLC Grows Holdings

Royal Fund Management LLC grew its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 170.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,100 shares of the basic materials company’s stock after purchasing an additional 5,100 shares during the period. Royal Fund Management LLC’s holdings in CF Industries were worth $933,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of CF Industries during the second quarter valued at approximately $1,410,607,000. Dimensional Fund Advisors LP grew its holdings in CF Industries by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock worth $579,062,000 after buying an additional 146,682 shares in the last quarter. Bank of America Corp DE raised its position in CF Industries by 8.4% in the 1st quarter. Bank of America Corp DE now owns 2,048,671 shares of the basic materials company’s stock valued at $265,999,000 after buying an additional 158,119 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in CF Industries in the 2nd quarter valued at $198,857,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in CF Industries by 1.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,747,078 shares of the basic materials company’s stock valued at $189,139,000 after buying an additional 32,293 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on CF. Wall Street Zen cut CF Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded shares of CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 16th. Sanford C. Bernstein assumed coverage on shares of CF Industries in a research report on Friday, September 25th. They set an “outperform” rating and a $162.00 price target on the stock. Royal Bank Of Canada cut their price target on shares of CF Industries from $125.00 to $115.00 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Finally, UBS Group set a $133.00 price objective on shares of CF Industries in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average price target of $121.89.

CF Industries Stock Performance

NYSE CF traded up $2.09 on Friday, hitting $120.65. 2,034,704 shares of the stock traded hands, compared to its average volume of 2,460,938. 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 capitalization of $18.26 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 0.23 and a beta of 0.53. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The business’s fifty day moving average is $123.74 and its two-hundred day moving average is $119.87.

CF Industries (NYSE:CF) last released its quarterly earnings data 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 analysts’ expectations 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 prior year, the firm posted $2.37 earnings per share. As a group, equities analysts anticipate that CF Industries Holdings, Inc. will post 13.89 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, November 16th. CF Industries’s dividend payout ratio is presently 17.79%.

CF Industries Profile

CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.

The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.