CF Industries Holdings, Inc. $CF Stake Lifted by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC boosted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 325.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,391 shares of the basic materials company’s stock after purchasing an additional 30,127 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in CF Industries were worth $4,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Himension Capital Singapore PTE. LTD. acquired a new position in shares of CF Industries during the 1st quarter worth about $25,000. Virtus Advisers LLC bought a new position in shares of CF Industries in the 2nd quarter valued at about $25,000. Continuum Advisory LLC bought a new position in shares of CF Industries in the 2nd quarter valued at about $28,000. Keating Financial Advisory Services Inc. bought a new position in shares of CF Industries in the 2nd quarter valued at about $29,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of CF Industries in the third quarter valued at about $35,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Stock Performance

NYSE:CF traded up $2.69 on Tuesday, hitting $117.27. The company’s stock had a trading volume of 2,595,951 shares, compared to its average volume of 3,274,214. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The firm has a market capitalization of $17.75 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 0.22 and a beta of 0.53. The stock has a fifty day moving average of $123.54 and a two-hundred day moving average of $120.59. 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 (NYSE:CF) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.37 earnings per share. Research analysts predict that CF Industries Holdings, Inc. will post 13.90 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.40 annualized dividend and a yield of 2.0%. CF Industries’s dividend payout ratio (DPR) is currently 17.79%.

Analyst Upgrades and Downgrades

CF has been the topic of several analyst reports. set a $115.00 target price on CF Industries and gave the stock a “sector perform” rating in a report on Monday, October 5th. The Goldman Sachs Group reduced their price target on CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, June 23rd. Freedom Broker downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. BNP Paribas Exane dropped their price objective on CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, June 15th. Finally, HSBC cut their price objective on CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $121.11.

CF Industries Company Profile

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.