Farther Finance Advisors LLC Has $136,000 Stake in CF Industries Holdings, Inc. (NYSE:CF)

Farther Finance Advisors LLC trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 21.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,707 shares of the basic materials company’s stock after selling 477 shares during the quarter. Farther Finance Advisors LLC’s holdings in CF Industries were worth $136,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wedge Capital Management L L P NC grew its stake in shares of CF Industries by 7.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 81,494 shares of the basic materials company’s stock worth $6,369,000 after acquiring an additional 5,575 shares during the period. Joule Financial LLC bought a new stake in shares of CF Industries during the 1st quarter valued at about $538,000. Curat Global LLC purchased a new position in shares of CF Industries during the 1st quarter valued at about $25,000. Contravisory Investment Management Inc. purchased a new position in shares of CF Industries during the 1st quarter valued at about $437,000. Finally, Merit Financial Group LLC purchased a new position in shares of CF Industries during the 1st quarter valued at about $315,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

CF has been the topic of a number of analyst reports. The Goldman Sachs Group began coverage on CF Industries in a research note on Thursday, March 13th. They issued a “neutral” rating and a $86.00 price target on the stock. Bank of America raised CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target on the stock in a research note on Monday, February 24th. UBS Group increased their target price on CF Industries from $79.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Barclays increased their target price on CF Industries from $87.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. Finally, Wolfe Research downgraded CF Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.21.

CF Industries Trading Down 0.2%

Shares of NYSE:CF opened at $100.14 on Friday. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45. The business’s fifty day simple moving average is $86.46 and its 200-day simple moving average is $84.47. The company has a market capitalization of $16.98 billion, a PE ratio of 13.19 and a beta of 0.97. The company has a current ratio of 2.59, a quick ratio of 2.22 and a debt-to-equity ratio of 0.41.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.38. CF Industries had a return on equity of 17.39% and a net margin of 21.80%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, equities research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries declared that its Board of Directors has authorized a stock repurchase program on Wednesday, May 7th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to repurchase up to 14.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.00%. CF Industries’s dividend payout ratio (DPR) is presently 26.35%.

CF Industries Profile

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.