9,783 CF Industries Holdings, Inc. $CF Shares Purchased by Montecito Bank & Trust

Montecito Bank & Trust raised its stake in CF Industries Holdings, Inc. (NYSE:CF) by 169.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,566 shares of the basic materials company’s stock after acquiring an additional 9,783 shares during the period. Montecito Bank & Trust’s holdings in CF Industries were worth $1,906,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of CF Industries in the second quarter worth about $1,410,607,000. Norges Bank bought a new stake in CF Industries in the 4th quarter worth approximately $193,657,000. Bank of New York Mellon Corp purchased a new stake in shares of CF Industries during the 2nd quarter worth approximately $198,857,000. Bank of America Corp DE bought a new position in shares of CF Industries during the 2nd quarter valued at approximately $186,353,000. Finally, Deutsche Bank AG bought a new position in shares of CF Industries during the 2nd quarter valued at approximately $157,850,000. Institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CF shares. Freedom Broker cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. Zacks Research cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Scotiabank boosted their target price on shares of CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, UBS Group increased their price target on shares of CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $121.11.

CF Industries Trading Down 0.6%

NYSE CF traded down $0.74 on Thursday, hitting $114.46. 2,476,383 shares of the stock were exchanged, compared to its average volume of 3,297,616. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96. The firm has a market capitalization of $17.32 billion, a P/E ratio of 8.48, a P/E/G ratio of 0.22 and a beta of 0.40. The stock has a fifty day moving average price of $125.05 and a two-hundred day moving average price of $121.18.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.37 EPS. Research analysts forecast that CF Industries Holdings, Inc. will post 13.9 EPS for the current fiscal year.

CF Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were given a $0.60 dividend. This is an increase from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. CF Industries’s dividend payout ratio is currently 17.79%.

CF Industries Company Profile

CF Industries Holdings, Inc (NYSE: CF) is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.