Sierra Summit Advisors LLC Acquires Shares of 10,431 CF Industries Holdings, Inc. $CF

Sierra Summit Advisors LLC bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,431 shares of the basic materials company’s stock, valued at approximately $936,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Harbor Capital Advisors Inc. grew its position in CF Industries by 78.0% during the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after buying an additional 128 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of CF Industries by 8.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,854 shares of the basic materials company’s stock valued at $171,000 after acquiring an additional 149 shares during the period. Bessemer Group Inc. grew its holdings in shares of CF Industries by 3.9% during the 3rd quarter. Bessemer Group Inc. now owns 4,033 shares of the basic materials company’s stock worth $362,000 after purchasing an additional 150 shares in the last quarter. UMB Bank n.a. increased its position in shares of CF Industries by 43.7% in the third quarter. UMB Bank n.a. now owns 500 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 152 shares during the period. Finally, Kingsview Wealth Management LLC raised its stake in CF Industries by 6.3% in the second quarter. Kingsview Wealth Management LLC now owns 2,763 shares of the basic materials company’s stock valued at $254,000 after purchasing an additional 163 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CF has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of CF Industries from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Royal Bank Of Canada upped their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Scotiabank lifted their price objective on shares of CF Industries from $82.00 to $85.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. HSBC lowered their price objective on shares of CF Industries from $95.00 to $91.00 and set a “hold” rating for the company in a research report on Monday, November 24th. Finally, Rothschild & Co Redburn set a $72.00 target price on CF Industries in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $95.53.

CF Industries Stock Performance

Shares of CF Industries stock opened at $99.46 on Friday. The company’s 50 day moving average price is $88.34 and its two-hundred day moving average price is $85.56. The firm has a market capitalization of $15.28 billion, a P/E ratio of 11.05 and a beta of 0.70. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $105.27. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.37 and a quick ratio of 2.93.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.06. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.78 billion. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.CF Industries’s revenue was up 22.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 EPS. On average, equities analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, February 13th. CF Industries’s dividend payout ratio (DPR) is presently 22.22%.

Insider Buying and Selling at CF Industries

In related news, EVP Susan L. Menzel sold 3,215 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $97.00, for a total value of $311,855.00. Following the completion of the transaction, the executive vice president owned 87,861 shares in the company, valued at $8,522,517. This trade represents a 3.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.42% of the company’s stock.

CF Industries Company Profile

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.