Raymond James Financial Services Advisors Inc. increased its position in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 31.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,626 shares of the basic materials company’s stock after buying an additional 6,636 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in CF Industries were worth $1,918,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in CF. Desjardins Global Asset Management Inc. increased its stake in shares of CF Industries by 401.4% in the first quarter. Desjardins Global Asset Management Inc. now owns 361 shares of the basic materials company’s stock worth $26,000 after buying an additional 289 shares during the period. Janiczek Wealth Management LLC increased its position in CF Industries by 186.4% during the 2nd quarter. Janiczek Wealth Management LLC now owns 378 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 246 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in CF Industries during the 4th quarter valued at $26,000. Clear Street Markets LLC increased its position in CF Industries by 92.5% during the 1st quarter. Clear Street Markets LLC now owns 385 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 185 shares during the period. Finally, Lindbrook Capital LLC increased its position in CF Industries by 56.1% during the 1st quarter. Lindbrook Capital LLC now owns 420 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 151 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other CF Industries news, EVP Douglas C. Barnard sold 9,700 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $80.37, for a total value of $779,589.00. Following the completion of the transaction, the executive vice president now directly owns 15,089 shares in the company, valued at approximately $1,212,702.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is currently owned by corporate insiders.
CF Industries Trading Down 3.3 %
CF Industries (NYSE:CF – Get Free Report) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.55. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.85 billion. CF Industries had a net margin of 27.36% and a return on equity of 31.18%. As a group, research analysts predict that CF Industries Holdings, Inc. will post 8.01 earnings per share for the current year.
CF Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.60 annualized dividend and a yield of 1.99%. CF Industries’s payout ratio is 13.25%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Credit Suisse Group upped their price target on shares of CF Industries from $66.00 to $71.00 and gave the stock an “underperform” rating in a research note on Thursday, August 3rd. Barclays cut shares of CF Industries from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $80.00 to $85.00 in a research note on Monday, August 14th. Morgan Stanley upped their target price on shares of CF Industries from $70.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. StockNews.com initiated coverage on shares of CF Industries in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Mizuho upped their target price on shares of CF Industries from $83.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $92.44.
View Our Latest Research Report on CF Industries
CF Industries Company Profile
CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.
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