SVB Wealth LLC Grows Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

SVB Wealth LLC lifted its position in CF Industries Holdings, Inc. (NYSE:CF) by 31.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,593 shares of the basic materials company’s stock after buying an additional 1,110 shares during the quarter. SVB Wealth LLC’s holdings in CF Industries were worth $382,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westside Investment Management Inc. acquired a new position in CF Industries in the 1st quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of CF Industries in the fourth quarter valued at approximately $29,000. Meeder Asset Management Inc. acquired a new position in shares of CF Industries in the fourth quarter valued at approximately $36,000. ORG Partners LLC increased its stake in CF Industries by 62.2% during the 4th quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock worth $48,000 after buying an additional 230 shares during the period. Finally, Mather Group LLC. acquired a new stake in CF Industries during the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 2.1 %

NYSE:CF traded up $1.55 during midday trading on Tuesday, hitting $76.18. 229,334 shares of the company were exchanged, compared to its average volume of 2,282,971. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $87.90. The company has a market capitalization of $13.92 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 2.41 and a beta of 0.95. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $74.41 and a 200 day simple moving average of $77.50.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The firm’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 EPS. As a group, equities analysts anticipate that CF Industries Holdings, Inc. will post 5.18 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, August 15th. CF Industries’s dividend payout ratio is currently 33.22%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CF. Wells Fargo & Company dropped their price target on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. BMO Capital Markets cut their price target on CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Piper Sandler decreased their price objective on CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a research note on Tuesday, May 7th. Barclays cut their target price on shares of CF Industries from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada decreased their price target on shares of CF Industries from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $82.87.

CF Industries Company 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.