Pitcairn Co. Purchases 1,148 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Pitcairn Co. grew its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,105 shares of the basic materials company’s stock after buying an additional 1,148 shares during the quarter. Pitcairn Co.’s holdings in CF Industries were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CF. Raymond James Trust N.A. raised its stake in shares of CF Industries by 5.3% in the fourth quarter. Raymond James Trust N.A. now owns 3,507 shares of the basic materials company’s stock worth $279,000 after acquiring an additional 176 shares during the last quarter. Raymond James & Associates lifted its holdings in CF Industries by 25.4% during the 4th quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock worth $10,608,000 after buying an additional 27,027 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in CF Industries by 5.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 29,902 shares of the basic materials company’s stock worth $2,377,000 after buying an additional 1,429 shares in the last quarter. Douglas Lane & Associates LLC increased its stake in shares of CF Industries by 1,319.1% in the 4th quarter. Douglas Lane & Associates LLC now owns 46,888 shares of the basic materials company’s stock valued at $3,728,000 after buying an additional 43,584 shares during the period. Finally, Tectonic Advisors LLC raised its position in shares of CF Industries by 4.3% during the fourth quarter. Tectonic Advisors LLC now owns 6,363 shares of the basic materials company’s stock worth $506,000 after acquiring an additional 261 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CF. Berenberg Bank lifted their price objective on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. UBS Group dropped their price target on shares of CF Industries from $86.00 to $78.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Wells Fargo & Company lowered their target price on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Royal Bank of Canada cut their price target on CF Industries from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Finally, Scotiabank decreased their price objective on CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Monday, May 6th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $82.88.

CF Industries Stock Up 2.8 %

NYSE CF traded up $2.03 on Thursday, reaching $73.51. The company had a trading volume of 1,611,659 shares, compared to its average volume of 2,309,110. The company’s fifty day moving average is $74.58 and its 200-day moving average is $77.60. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 2.27 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $87.90.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (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 the consensus estimate of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The firm’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.85 earnings per share. On average, research analysts forecast that CF Industries Holdings, Inc. will post 5.18 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.00 annualized dividend and a yield of 2.72%. CF Industries’s payout ratio is currently 33.22%.

About CF Industries

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.