Truist Financial Corp Buys 418 Shares of CF Industries Holdings, Inc. $CF

Truist Financial Corp raised its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,436 shares of the basic materials company’s stock after purchasing an additional 418 shares during the period. Truist Financial Corp’s holdings in CF Industries were worth $776,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in CF Industries during the 1st quarter worth about $27,000. Golden State Wealth Management LLC grew its holdings in CF Industries by 119.8% during the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 206 shares during the period. TCTC Holdings LLC grew its holdings in CF Industries by 114.1% during the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 202 shares during the period. Grove Bank & Trust grew its holdings in CF Industries by 118.5% during the 1st quarter. Grove Bank & Trust now owns 542 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 294 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in CF Industries during the 1st quarter worth about $50,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CF. Weiss Ratings reiterated a “hold (c+)” rating on shares of CF Industries in a report on Tuesday. HSBC reduced their target price on CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $95.00 to $100.00 in a research note on Wednesday, August 13th. UBS Group reduced their target price on CF Industries from $101.00 to $96.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $95.21.

CF Industries Price Performance

Shares of NYSE CF opened at $86.75 on Wednesday. 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 $14.05 billion, a price-to-earnings ratio of 11.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. The firm’s 50-day simple moving average is $86.68 and its 200 day simple moving average is $87.08.

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 the consensus estimate of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the firm earned $2.30 EPS. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

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

CF Industries Company 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.