Centric Wealth Management Buys New Position in CF Industries Holdings, Inc. $CF

Centric Wealth Management purchased a new position in CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,681 shares of the basic materials company’s stock, valued at approximately $3,862,000.

A number of other hedge funds have also added to or reduced their stakes in CF. Himension Capital Singapore PTE. LTD. purchased a new position in shares of CF Industries during the first quarter valued at about $25,000. Hantz Financial Services Inc. lifted its holdings in CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after buying an additional 156 shares during the period. WPG Advisers LLC lifted its holdings in CF Industries by 69.8% in the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock worth $43,000 after buying an additional 227 shares during the period. MUFG Securities EMEA plc bought a new stake in CF Industries during the 2nd quarter valued at approximately $44,000. Finally, Elevation Wealth Partners LLC boosted its position in CF Industries by 39.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 122 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Price Performance

CF opened at $118.32 on Friday. The firm has a market cap of $17.91 billion, a PE ratio of 8.77 and a beta of 0.39. The stock has a 50-day moving average price of $114.61 and a 200-day moving average price of $114.63. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $2.37 earnings per share. Sell-side analysts predict that CF Industries Holdings, Inc. will post 13.85 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, August 14th. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. CF Industries’s dividend payout ratio is currently 14.83%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CF. Freedom Capital raised CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. HSBC dropped their price target on CF Industries from $130.00 to $121.00 in a research report on Wednesday, June 17th. Royal Bank Of Canada reduced their price target on CF Industries from $125.00 to $115.00 and set a “sector perform” rating on the stock in a research note on Friday, July 17th. Bank of America raised their price objective on CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Finally, Morgan Stanley dropped their target price on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.56.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.