Doyle Wealth Management Acquires New Stake in CF Industries Holdings, Inc. (CF)
Doyle Wealth Management acquired a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 7,550 shares of the basic materials company’s stock, valued at approximately $321,000.
Several other large investors have also bought and sold shares of CF. Saratoga Research & Investment Management bought a new position in shares of CF Industries during the 3rd quarter valued at about $108,000. Delphi Private Advisors LLC acquired a new position in shares of CF Industries in the fourth quarter worth about $144,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of CF Industries in the fourth quarter worth about $144,000. Steward Partners Investment Advisory LLC acquired a new position in shares of CF Industries in the third quarter worth about $183,000. Finally, Greenwood Capital Associates LLC acquired a new position in shares of CF Industries in the third quarter worth about $201,000.
Several research analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of CF Industries from $23.00 to $27.00 and gave the stock an “underperform” rating in a report on Tuesday, October 17th. Atlantic Securities cut shares of CF Industries from a “neutral” rating to an “underweight” rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of CF Industries from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. BMO Capital Markets raised their target price on shares of CF Industries from $38.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday, November 3rd. Finally, Stephens assumed coverage on shares of CF Industries in a report on Monday, December 4th. They issued an “equal weight” rating and a $38.00 target price for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.74.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, February 15th. CF Industries’s dividend payout ratio is currently -65.57%.
In related news, Director Stephen A. Furbacher sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $36.00, for a total transaction of $126,000.00. Following the completion of the sale, the director now directly owns 50,854 shares in the company, valued at $1,830,744. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Bert A. Frost sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total transaction of $273,750.00. Following the sale, the vice president now owns 67,232 shares of the company’s stock, valued at $2,453,968. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
CF Industries Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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