Howard Capital Management Inc. Reduces Position in CF Industries Holdings, Inc. $CF

Howard Capital Management Inc. decreased its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,572 shares of the basic materials company’s stock after selling 437 shares during the period. Howard Capital Management Inc.’s holdings in CF Industries were worth $4,653,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. increased its holdings in shares of CF Industries by 2.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,192 shares of the basic materials company’s stock valued at $562,000 after acquiring an additional 142 shares during the period. Oppenheimer & Co. Inc. grew its position in CF Industries by 12.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 12,699 shares of the basic materials company’s stock worth $992,000 after purchasing an additional 1,371 shares during the last quarter. Bessemer Group Inc. increased its stake in CF Industries by 26.5% in the first quarter. Bessemer Group Inc. now owns 4,940 shares of the basic materials company’s stock valued at $386,000 after purchasing an additional 1,035 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of CF Industries by 119.8% in the first 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 last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of CF Industries by 28.9% during the first quarter. Robeco Institutional Asset Management B.V. now owns 36,653 shares of the basic materials company’s stock worth $2,864,000 after buying an additional 8,216 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CF shares. Mizuho boosted their price target on CF Industries from $97.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $95.00 to $100.00 in a report on Wednesday, August 13th. Wall Street Zen raised CF Industries from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Royal Bank Of Canada set a $100.00 price objective on shares of CF Industries and gave the company a “sector perform” rating in a research report on Monday, July 14th. Finally, Bank of America raised their target price on shares of CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus price target of $97.54.

CF Industries Price Performance

CF Industries stock opened at $86.44 on Tuesday. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $104.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. The business has a fifty day moving average of $86.75 and a two-hundred day moving average of $87.86. The company has a market cap of $14.00 billion, a P/E ratio of 11.28 and a beta of 0.93.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping 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 business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the company posted $2.30 EPS. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders 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 yield of 2.3%. CF Industries’s dividend payout ratio (DPR) is 26.11%.

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.