Kestra Investment Management LLC Invests $788,000 in CF Industries Holdings, Inc. $CF

Kestra Investment Management LLC bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,570 shares of the basic materials company’s stock, valued at approximately $788,000.

Several other institutional investors have also added to or reduced their stakes in the company. Planned Solutions Inc. grew its holdings in CF Industries by 3.5% in the 2nd quarter. Planned Solutions Inc. now owns 3,393 shares of the basic materials company’s stock valued at $312,000 after buying an additional 114 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of CF Industries by 0.8% in the second quarter. Nordea Investment Management AB now owns 15,262 shares of the basic materials company’s stock valued at $1,395,000 after acquiring an additional 114 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in shares of CF Industries by 1.3% in the first quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company’s stock valued at $682,000 after acquiring an additional 116 shares in the last quarter. Rowlandmiller & PARTNERS.ADV increased its position in CF Industries by 4.1% during the second quarter. Rowlandmiller & PARTNERS.ADV now owns 3,325 shares of the basic materials company’s stock worth $306,000 after acquiring an additional 130 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in CF Industries by 7.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,838 shares of the basic materials company’s stock worth $169,000 after purchasing an additional 131 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Price Performance

CF Industries stock opened at $79.23 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The stock has a market capitalization of $12.36 billion, a P/E ratio of 9.55 and a beta of 0.68. The stock has a fifty day moving average of $82.75 and a 200-day moving average of $87.79.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.59 billion. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 earnings per share. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, November 14th. CF Industries’s dividend payout ratio is currently 24.10%.

Analyst Ratings Changes

CF has been the topic of a number of analyst reports. HSBC decreased their target price on shares of CF Industries from $95.00 to $91.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Wall Street Zen lowered CF Industries from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CF Industries in a report on Monday, December 8th. Royal Bank Of Canada reduced their target price on CF Industries from $95.00 to $90.00 and set a “sector perform” rating on the stock in a report on Wednesday, December 10th. Finally, BNP Paribas Exane dropped their price target on CF Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $93.56.

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.