HBK Sorce Advisory LLC Purchases Shares of 2,236 CF Industries Holdings, Inc. $CF

HBK Sorce Advisory LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,236 shares of the basic materials company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Talaria Asset Management Pty Ltd raised its position in 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 valued at $45,640,000 after purchasing an additional 254,000 shares in the last quarter. Private Trust Co. NA raised its position in CF Industries by 62.2% during the first quarter. Private Trust Co. NA now owns 720 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 276 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of CF Industries by 8.5% during the 1st quarter. Principal Financial Group Inc. now owns 258,164 shares of the basic materials company’s stock valued at $20,176,000 after buying an additional 20,244 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CF Industries by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock valued at $473,220,000 after buying an additional 262,944 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of CF Industries by 31.2% during the 1st quarter. Cerity Partners LLC now owns 17,208 shares of the basic materials company’s stock valued at $1,345,000 after buying an additional 4,089 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CF has been the topic of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of CF Industries in a research note on Tuesday, October 14th. Zacks Research cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Scotiabank reiterated a “sector perform” rating and issued a $82.00 target price (up previously from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Wall Street Zen upgraded CF Industries from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, Wells Fargo & Company lifted their price target on CF Industries from $101.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $97.54.

CF Industries Stock Up 0.6%

Shares of CF Industries stock opened at $83.33 on Friday. 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’s fifty day simple moving average is $86.63 and its two-hundred day simple moving average is $88.21. The company has a market cap of $13.50 billion, a P/E ratio of 10.88 and a beta of 0.93. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) 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 company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the company earned $2.30 earnings per share. CF Industries’s quarterly revenue was up 20.2% on a year-over-year basis. Research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued 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 dividend yield of 2.4%. CF Industries’s dividend payout ratio is 26.11%.

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.