Commerce Bank Buys Shares of 14,359 CF Industries Holdings, Inc. $CF

Commerce Bank bought a new position in CF Industries Holdings, Inc. (NYSE:CF) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 14,359 shares of the basic materials company’s stock, valued at approximately $1,555,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Himension Capital Singapore PTE. LTD. acquired a new position in CF Industries in the 1st quarter valued at about $25,000. Virtus Advisers LLC acquired a new stake in shares of CF Industries during the 2nd quarter worth approximately $25,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of CF Industries during the 2nd quarter worth approximately $29,000. Altshuler Shaham Ltd raised its position in shares of CF Industries by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock valued at $54,000 after buying an additional 112 shares during the period. Finally, Elevation Wealth Partners LLC raised its position in shares of 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 buying an additional 122 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Performance

NYSE:CF opened at $127.30 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. The stock has a market capitalization of $19.27 billion, a P/E ratio of 9.44, a PEG ratio of 0.26 and a beta of 0.39. The company has a 50 day moving average price of $116.87 and a 200 day moving average price of $116.34. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $2.37 EPS. Equities research analysts forecast that CF Industries Holdings, Inc. will post 13.7 EPS for the current year.

CF Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a boost 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 1.9%. CF Industries’s payout ratio is presently 17.79%.

Wall Street Analysts Forecast Growth

CF has been the subject of several analyst reports. Morgan Stanley lowered their price objective on CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. UBS Group lifted their target price on CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. BMO Capital Markets decreased their price target on CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Zacks Research cut CF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, HSBC cut their price objective on CF Industries from $130.00 to $121.00 in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.