Avantax Advisory Services Inc. Takes Position in CF Industries Holdings, Inc. (NYSE:CF)

Avantax Advisory Services Inc. purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CFGet Rating) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 2,876 shares of the basic materials company’s stock, valued at approximately $294,000.

Several other institutional investors have also recently made changes to their positions in CF. State Street Corp grew its stake in CF Industries by 0.5% in the fourth quarter. State Street Corp now owns 9,390,450 shares of the basic materials company’s stock valued at $664,656,000 after purchasing an additional 49,793 shares during the last quarter. Geode Capital Management LLC grew its stake in CF Industries by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 5,040,352 shares of the basic materials company’s stock valued at $356,069,000 after purchasing an additional 387,547 shares during the last quarter. Northern Trust Corp grew its stake in CF Industries by 2.1% in the fourth quarter. Northern Trust Corp now owns 3,707,811 shares of the basic materials company’s stock valued at $262,439,000 after purchasing an additional 77,479 shares during the last quarter. Norges Bank purchased a new position in CF Industries in the fourth quarter valued at about $189,152,000. Finally, Soroban Capital Partners LP acquired a new stake in CF Industries in the fourth quarter worth about $154,078,000. Hedge funds and other institutional investors own 93.00% of the company’s stock.

CF Industries Trading Up 3.9 %

Shares of NYSE:CF opened at $86.91 on Wednesday. CF Industries Holdings, Inc. has a 12-month low of $43.19 and a 12-month high of $113.49. The company has a market capitalization of $18.13 billion, a PE ratio of 11.20, a PEG ratio of 0.74 and a beta of 1.06. The business has a 50 day moving average of $91.39 and a two-hundred day moving average of $88.51. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44.

CF Industries (NYSE:CFGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $4.21 EPS for the quarter, meeting analysts’ consensus estimates of $4.21. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.62 billion. CF Industries had a return on equity of 35.04% and a net margin of 19.73%. The business’s revenue was up 173.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, analysts forecast that CF Industries Holdings, Inc. will post 19.11 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Friday, August 12th. CF Industries’s dividend payout ratio (DPR) is presently 20.62%.

Insider Buying and Selling

In related news, VP Richard A. Hoker sold 6,684 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $94.90, for a total transaction of $634,311.60. Following the completion of the sale, the vice president now directly owns 45,243 shares in the company, valued at $4,293,560.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CF has been the subject of several recent analyst reports. Royal Bank of Canada raised their price target on CF Industries from $100.00 to $110.00 and gave the stock a “sector perform” rating in a report on Thursday, July 14th. Mizuho raised their price target on CF Industries from $81.00 to $120.00 in a report on Friday, April 29th. Credit Suisse Group began coverage on CF Industries in a report on Thursday, July 14th. They issued an “underperform” rating and a $73.00 price target for the company. UBS Group decreased their target price on CF Industries from $125.00 to $105.00 in a report on Wednesday, July 13th. Finally, Piper Sandler lifted their target price on CF Industries from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $95.16.

About CF Industries

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CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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