PNC Financial Services Group Inc. Acquires 1,888 Shares of CF Industries Holdings, Inc. $CF

PNC Financial Services Group Inc. boosted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,545 shares of the basic materials company’s stock after purchasing an additional 1,888 shares during the quarter. PNC Financial Services Group Inc.’s holdings in CF Industries were worth $2,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Planned Solutions Inc. lifted its stake in shares of CF Industries by 3.5% during the 2nd quarter. Planned Solutions Inc. now owns 3,393 shares of the basic materials company’s stock worth $312,000 after buying an additional 114 shares during the last quarter. Nordea Investment Management AB grew its stake in CF Industries by 0.8% in the 2nd quarter. Nordea Investment Management AB now owns 15,262 shares of the basic materials company’s stock valued at $1,395,000 after buying an additional 114 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in CF Industries by 1.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company’s stock valued at $682,000 after acquiring an additional 116 shares during the period. Rowlandmiller & PARTNERS.ADV raised its holdings in CF Industries by 4.1% in the 2nd quarter. Rowlandmiller & PARTNERS.ADV now owns 3,325 shares of the basic materials company’s stock valued at $306,000 after acquiring an additional 130 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in CF Industries by 7.7% during the second quarter. Farther Finance Advisors LLC now owns 1,838 shares of the basic materials company’s stock worth $169,000 after acquiring an additional 131 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CF has been the topic of several research reports. The Goldman Sachs Group decreased their target price on CF Industries from $96.00 to $94.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. Mizuho reduced their price target on CF Industries from $100.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Rothschild & Co Redburn upped their price objective on CF Industries from $78.00 to $86.00 in a report on Monday, November 10th. Wall Street Zen downgraded CF Industries from a “buy” rating to a “hold” rating in a report on Sunday. Finally, HSBC reduced their target price on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CF Industries currently has a consensus rating of “Hold” and an average target price of $95.64.

CF Industries Stock Up 0.6%

CF stock opened at $81.21 on Wednesday. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The business has a 50-day simple moving average of $86.04 and a 200 day simple moving average of $88.80. 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 company has a market cap of $12.67 billion, a PE ratio of 10.60 and a beta of 0.89.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.13. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.55 earnings per share. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, November 14th. CF Industries’s payout ratio is currently 24.10%.

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.