Founders Financial Alliance LLC Lowers Position in CF Industries Holdings, Inc. (NYSE:CF)

Founders Financial Alliance LLC trimmed its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 51.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,048 shares of the basic materials company’s stock after selling 5,408 shares during the period. Founders Financial Alliance LLC’s holdings in CF Industries were worth $374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Concurrent Investment Advisors LLC increased its position in CF Industries by 4.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock valued at $269,000 after purchasing an additional 140 shares during the period. Bleakley Financial Group LLC lifted its holdings in CF Industries by 4.8% during the first quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock worth $257,000 after buying an additional 141 shares during the period. First Horizon Advisors Inc. boosted its position in CF Industries by 8.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 146 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its position in CF Industries by 24.0% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 153 shares in the last quarter. Finally, Czech National Bank increased its holdings in shares of CF Industries by 0.5% in the 1st quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock valued at $2,797,000 after acquiring an additional 153 shares during the period. 93.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CF. BMO Capital Markets raised their price objective on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Scotiabank lifted their price objective on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. UBS Group increased their target price on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $80.00 to $90.00 in a report on Friday, August 16th. Finally, Wells Fargo & Company increased their price objective on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.73.

CF Industries Stock Up 1.6 %

Shares of CF stock opened at $87.21 on Wednesday. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $88.16. The firm has a market capitalization of $15.94 billion, a PE ratio of 14.49, a P/E/G ratio of 2.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70. The stock’s 50-day simple moving average is $79.64 and its 200-day simple moving average is $77.98.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the company earned $2.70 EPS. CF Industries’s quarterly revenue was down 11.4% on a year-over-year basis. Equities analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.29%. The ex-dividend date was Thursday, August 15th. CF Industries’s payout ratio is 33.22%.

About CF Industries

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.