Precision Wealth Strategies LLC Takes $628,000 Position in CF Industries Holdings, Inc. $CF

Precision Wealth Strategies LLC purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) during the third quarter, Holdings Channel reports. The institutional investor purchased 7,000 shares of the basic materials company’s stock, valued at approximately $628,000.

Several other large investors have also recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new position in CF Industries during the 1st quarter valued at about $849,000. AlphaQuest LLC purchased a new stake in shares of CF Industries in the first quarter worth approximately $172,000. Gabelli Funds LLC boosted its holdings in shares of CF Industries by 13.8% during the first quarter. Gabelli Funds LLC now owns 18,155 shares of the basic materials company’s stock worth $1,419,000 after purchasing an additional 2,200 shares during the period. Ieq Capital LLC boosted its holdings in shares of CF Industries by 45.0% during the first quarter. Ieq Capital LLC now owns 29,131 shares of the basic materials company’s stock worth $2,277,000 after purchasing an additional 9,040 shares during the period. Finally, CreativeOne Wealth LLC grew its position in CF Industries by 11.3% during the first quarter. CreativeOne Wealth LLC now owns 13,142 shares of the basic materials company’s stock valued at $1,027,000 after purchasing an additional 1,335 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. BNP Paribas Exane cut their target price on shares of CF Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Zacks Research lowered CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Wells Fargo & Company initiated coverage on CF Industries in a research report on Tuesday, November 11th. They set an “overweight” rating and a $100.00 price objective for the company. CIBC began coverage on CF Industries in a research report on Tuesday, December 2nd. They issued a “neutral” rating and a $87.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CF Industries in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus price target of $93.06.

CF Industries Price Performance

NYSE CF opened at $77.77 on Friday. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The stock’s 50-day moving average is $80.93 and its two-hundred day moving average is $86.99. The firm has a market cap of $12.13 billion, a P/E ratio of 9.37 and a beta of 0.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.99.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the firm posted $1.55 EPS. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. CF Industries’s dividend payout ratio (DPR) is currently 24.10%.

About CF Industries

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.