CF Industries Holdings, Inc. $CF Shares Purchased by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. raised its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 9,221 shares of the basic materials company’s stock after acquiring an additional 339 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in CF Industries were worth $848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Curat Global LLC acquired a new position in CF Industries during the first quarter valued at approximately $25,000. Zions Bancorporation National Association UT acquired a new position in CF Industries during the first quarter valued at approximately $27,000. Golden State Wealth Management LLC raised 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 valued at $30,000 after purchasing an additional 206 shares during the period. TCTC Holdings LLC raised its stake in shares of CF Industries by 114.1% during the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 202 shares during the period. Finally, Grove Bank & Trust raised its stake in shares of CF Industries by 118.5% during the first quarter. Grove Bank & Trust now owns 542 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 294 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CF. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $95.00 to $100.00 in a research note on Wednesday, August 13th. Wells Fargo & Company dropped their price objective on shares of CF Industries from $108.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, August 11th. UBS Group dropped their price objective on shares of CF Industries from $103.00 to $101.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. JPMorgan Chase & Co. upgraded shares of CF Industries from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $92.00 in a research note on Tuesday, July 29th. Finally, BNP Paribas lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. 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 MarketBeat, CF Industries currently has a consensus rating of “Hold” and an average price target of $95.00.

CF Industries Stock Up 0.3%

CF stock opened at $90.08 on Friday. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $14.59 billion, a P/E ratio of 11.76 and a beta of 0.93. The firm has a 50 day simple moving average of $87.19 and a 200-day simple moving average of $86.47.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the company earned $2.30 earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries’s payout ratio 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.