CF Industries Holdings, Inc. $CF Stock Bought by Crossmark Global Holdings Inc.

by · The Markets Daily

Crossmark Global Holdings Inc. lifted its position in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 979.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,657 shares of the basic materials company’s stock after acquiring an additional 88,610 shares during the period. Crossmark Global Holdings Inc.’s holdings in CF Industries were worth $12,269,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CF. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Morgan Stanley lowered their price objective on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. UBS Group raised their price objective on CF Industries from $115.00 to $123.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Freedom Broker downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Finally, Rothschild & Co Redburn raised CF Industries from a “sell” rating to a “neutral” rating and boosted their target price for the company from $98.00 to $110.00 in a research note on Monday, September 28th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $121.11.

Get Our Latest Stock Report on CF Industries

CF Industries Stock Performance

Shares of CF opened at $118.66 on Friday. The firm has a market cap of $17.96 billion, a P/E ratio of 8.80, a PEG ratio of 0.23 and a beta of 0.53. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96. 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’s 50 day moving average price is $123.69 and its two-hundred day moving average price is $119.86.

CF Industries (NYSE:CF – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) 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 company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the company earned $2.37 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. On average, analysts forecast that CF Industries Holdings, Inc. will post 13.90 EPS for the current fiscal year.

CF Industries Announces Dividend

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

CF Industries Profile

(Free Report)

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.

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