Concurrent Investment Advisors LLC Lowers Position in CF Industries Holdings, Inc. $CF

Concurrent Investment Advisors LLC lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 32.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,880 shares of the basic materials company’s stock after selling 1,353 shares during the period. Concurrent Investment Advisors LLC’s holdings in CF Industries were worth $265,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new position in shares of CF Industries during the 2nd quarter valued at about $26,000. Zions Bancorporation National Association UT bought a new position in CF Industries during the 1st quarter worth approximately $27,000. Golden State Wealth Management LLC grew its position 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 last quarter. TCTC Holdings LLC grew its position 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 last quarter. Finally, Summit Securities Group LLC bought a new position in CF Industries during the 1st quarter worth approximately $50,000. 93.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America raised their price target on CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 14th. Wall Street Zen upgraded CF Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Royal Bank Of Canada set a $100.00 price objective on CF Industries and gave the stock a “sector perform” rating in a research report on Monday, July 14th. Morgan Stanley set a $95.00 price objective on CF Industries and gave the stock an “equal weight” rating in a research report on Thursday, June 26th. Finally, Mizuho lifted their price objective on CF Industries from $97.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $96.92.

CF Industries Trading Up 0.7%

CF opened at $83.59 on Monday. The stock has a market cap of $13.54 billion, a PE ratio of 10.91 and a beta of 0.93. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average of $86.64 and a 200-day moving average of $87.23. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.02. The company 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 firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.30 EPS. Equities research analysts predict 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. Shareholders of record on Friday, November 14th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. CF Industries’s payout ratio is presently 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.