Blair William & Co. IL Reduces Position in CF Industries Holdings, Inc. (NYSE:CF)

Posted by Defense World Staff on May 29th, 2023

Blair William & Co. IL lessened its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF – Get Rating) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,372 shares of the basic materials company’s stock after selling 226 shares during the quarter. Blair William & Co. IL’s holdings in CF Industries were worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. United Capital Financial Advisers LLC raised its holdings in shares of CF Industries by 18.1% during the third quarter. United Capital Financial Advisers LLC now owns 3,669 shares of the basic materials company’s stock valued at $353,000 after acquiring an additional 563 shares in the last quarter. Pathstone Family Office LLC increased its stake in shares of CF Industries by 4.9% in the 3rd quarter. Pathstone Family Office LLC now owns 7,307 shares of the basic materials company’s stock worth $704,000 after acquiring an additional 338 shares in the last quarter. ExodusPoint Capital Management LP lifted its position in CF Industries by 691.4% during the 3rd quarter. ExodusPoint Capital Management LP now owns 69,229 shares of the basic materials company’s stock valued at $6,663,000 after acquiring an additional 60,481 shares during the period. Forsta AP Fonden lifted its position in CF Industries by 22.1% during the 4th quarter. Forsta AP Fonden now owns 56,900 shares of the basic materials company’s stock valued at $4,848,000 after acquiring an additional 10,300 shares during the period. Finally, Toroso Investments LLC lifted its position in CF Industries by 3.3% during the 3rd quarter. Toroso Investments LLC now owns 32,101 shares of the basic materials company’s stock valued at $3,090,000 after acquiring an additional 1,024 shares during the period. Institutional investors own 92.94% of the company’s stock.

CF Industries Price Performance

CF stock opened at $62.85 on Monday. The company has a market capitalization of $12.25 billion, a PE ratio of 4.20, a price-to-earnings-growth ratio of 1.28 and a beta of 1.01. The company’s fifty day moving average price is $70.96 and its 200-day moving average price is $83.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.97 and a current ratio of 4.46. CF Industries Holdings, Inc. has a one year low of $62.55 and a one year high of $119.60.

CF Industries (NYSE:CF – Get Rating) last announced its earnings results on Monday, May 1st. The basic materials company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.22. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. CF Industries had a net margin of 29.26% and a return on equity of 42.23%. The business’s revenue for the quarter was down 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.21 earnings per share. On average, equities analysts anticipate that CF Industries Holdings, Inc. will post 8.2 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Friday, May 12th. CF Industries’s payout ratio is 10.70%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CF shares. Royal Bank of Canada lowered their price target on shares of CF Industries from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, April 13th. Scotiabank raised shares of CF Industries from a “sector perform” rating to a “sector outperform” rating and set a $95.00 target price for the company in a report on Monday, April 10th. UBS Group decreased their target price on shares of CF Industries from $104.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 16th. Mizuho reduced their price target on shares of CF Industries from $101.00 to $83.00 in a research note on Friday, April 28th. Finally, Stifel Nicolaus reduced their price target on shares of CF Industries from $79.00 to $76.00 in a research note on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, CF Industries presently has an average rating of “Moderate Buy” and a consensus price target of $94.71.

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.