CF Industries Holdings, Inc. $CF Shares Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. raised its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,614 shares of the basic materials company’s stock after buying an additional 361 shares during the period. Confluence Wealth Services Inc.’s holdings in CF Industries were worth $1,252,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Curat Global LLC acquired a new position in CF Industries during the 1st quarter worth $25,000. Zions Bancorporation National Association UT acquired a new stake in CF Industries in the 1st quarter valued at about $27,000. Golden State Wealth Management LLC boosted its stake in shares of CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock valued at $30,000 after buying an additional 206 shares during the period. TCTC Holdings LLC boosted its stake in shares of CF Industries by 114.1% in the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock valued at $30,000 after buying an additional 202 shares during the period. Finally, Grove Bank & Trust grew its position in shares of CF Industries by 118.5% during the first quarter. Grove Bank & Trust now owns 542 shares of the basic materials company’s stock worth $42,000 after buying an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

Shares of NYSE CF opened at $90.08 on Monday. The stock has a 50 day moving average of $87.19 and a two-hundred day moving average of $86.53. The stock has a market cap of $14.59 billion, a P/E ratio of 11.76 and a beta of 0.93. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business posted $2.30 earnings per share. CF Industries’s quarterly revenue was up 20.2% on a year-over-year basis. On average, research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. CF Industries’s payout ratio is presently 26.11%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. BNP Paribas cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Scotiabank reissued a “sector perform” rating and issued a $82.00 price objective (up from $81.00) on shares of CF Industries in a research report on Monday, August 11th. JPMorgan Chase & Co. raised shares of CF Industries from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $75.00 to $92.00 in a research report on Tuesday, July 29th. Wolfe Research downgraded shares of CF Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada set a $100.00 price target on CF Industries and gave the company a “sector perform” rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CF Industries has an average rating of “Hold” and a consensus price target of $95.00.

CF Industries 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.