Oppenheimer Asset Management Inc. Sells 490 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Posted by Defense World Staff on Feb 24th, 2023

Oppenheimer Asset Management Inc. trimmed its position in CF Industries Holdings, Inc. (NYSE:CF – Get Rating) by 8.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,377 shares of the basic materials company’s stock after selling 490 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CF Industries were worth $518,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CF. Carolinas Wealth Consulting LLC raised its position in shares of CF Industries by 48.3% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 341 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 111 shares during the period. Guardian Wealth Advisors LLC acquired a new stake in shares of CF Industries in the 3rd quarter valued at approximately $32,000. Evoke Wealth LLC raised its position in shares of CF Industries by 2,600.0% in the 2nd quarter. Evoke Wealth LLC now owns 405 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 390 shares during the period. Mizuho Securities Co. Ltd. raised its holdings in CF Industries by 24.4% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 510 shares of the basic materials company’s stock worth $36,000 after buying an additional 100 shares during the period. Finally, Kistler Tiffany Companies LLC acquired a new stake in CF Industries during the 3rd quarter worth approximately $38,000. 92.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Credit Suisse Group restated an “underperform” rating and set a $75.00 target price on shares of CF Industries in a report on Thursday, February 16th. Citigroup dropped their target price on shares of CF Industries from $126.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, January 20th. Barclays dropped their target price on shares of CF Industries from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, January 27th. StockNews.com downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a report on Friday, February 17th. Finally, Scotiabank downgraded shares of CF Industries from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $118.00 to $100.00 in a report on Monday, February 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CF Industries currently has an average rating of “Hold” and a consensus target price of $104.38.

CF Industries Trading Up 1.0 %

CF stock opened at $86.28 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.69 and a quick ratio of 3.22. The company has a fifty day moving average price of $86.09 and a two-hundred day moving average price of $97.46. CF Industries Holdings, Inc. has a one year low of $75.29 and a one year high of $119.60. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of 5.29, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06.

CF Industries (NYSE:CF – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The basic materials company reported $4.35 EPS for the quarter, topping analysts’ consensus estimates of $4.13 by $0.22. CF Industries had a net margin of 29.91% and a return on equity of 48.59%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the business posted $3.71 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts anticipate that CF Industries Holdings, Inc. will post 11.9 EPS for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Wednesday, February 15th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. CF Industries’s payout ratio is presently 9.80%.

CF Industries Profile

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CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.