Janney Montgomery Scott LLC Cuts Stock Position in CF Industries Holdings, Inc. $CF

Janney Montgomery Scott LLC cut its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,933 shares of the basic materials company’s stock after selling 198 shares during the period. Janney Montgomery Scott LLC’s holdings in CF Industries were worth $2,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. increased its stake in shares of CF Industries by 21.8% during the first quarter. QRG Capital Management Inc. now owns 14,356 shares of the basic materials company’s stock worth $1,122,000 after buying an additional 2,572 shares during the period. Golden State Wealth Management LLC increased its stake in shares of CF Industries by 119.8% during the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock worth $30,000 after buying an additional 206 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of CF Industries by 1,497.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,240 shares of the basic materials company’s stock worth $8,537,000 after buying an additional 102,401 shares during the period. Talaria Asset Management Pty Ltd increased its stake in shares of CF Industries by 77.0% during the first quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock worth $45,640,000 after buying an additional 254,000 shares during the period. Finally, Private Trust Co. NA increased its stake in shares of CF Industries by 62.2% during the first quarter. Private Trust Co. NA now owns 720 shares of the basic materials company’s stock worth $56,000 after buying an additional 276 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CF has been the topic of a number of recent research reports. Scotiabank restated a “sector perform” rating and set a $82.00 target price (up from $81.00) on shares of CF Industries in a research note on Monday, August 11th. Zacks Research lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. upgraded shares of CF Industries from an “underweight” rating to a “neutral” rating and increased their price target for the company from $75.00 to $92.00 in a research note on Tuesday, July 29th. Mizuho increased their price target on shares of CF Industries from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, HSBC dropped their price target on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating on the stock in a research note on Monday, September 15th. Three analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CF Industries presently has an average rating of “Hold” and a consensus price target of $95.14.

CF Industries Trading Down 1.4%

Shares of CF stock opened at $87.33 on Friday. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The stock has a market cap of $14.14 billion, a P/E ratio of 11.40 and a beta of 0.93. The business has a fifty day simple moving average of $86.91 and a 200-day simple moving average of $86.87. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.02. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted $2.30 earnings per share. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is currently 26.11%.

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.