Patton Fund Management Inc. Purchases 35,364 Shares of CF Industries Holdings, Inc. $CF

Patton Fund Management Inc. boosted its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 1,212.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,280 shares of the basic materials company’s stock after purchasing an additional 35,364 shares during the quarter. CF Industries accounts for about 0.8% of Patton Fund Management Inc.’s investment portfolio, making the stock its 17th biggest holding. Patton Fund Management Inc.’s holdings in CF Industries were worth $4,970,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Stance Capital LLC acquired a new stake in CF Industries in the third quarter worth $42,000. MUFG Securities EMEA plc acquired a new position in shares of CF Industries in the 2nd quarter valued at $44,000. Hantz Financial Services Inc. grew its holdings in shares of CF Industries by 46.3% in the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after buying an additional 156 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of CF Industries in the 4th quarter valued at $43,000. Finally, WPG Advisers LLC increased its position in shares of CF Industries by 69.8% in the 4th quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock valued at $43,000 after buying an additional 227 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CF. Mizuho lifted their target price on CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a report on Tuesday, March 31st. Royal Bank Of Canada boosted their target price on CF Industries from $100.00 to $125.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded CF Industries from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Barclays raised their price target on CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, BNP Paribas Exane cut their price objective on CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a report on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $118.50.

CF Industries Trading Up 0.0%

CF opened at $105.73 on Monday. The stock has a market capitalization of $16.24 billion, a P/E ratio of 9.50 and a beta of 0.38. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The firm’s fifty day simple moving average is $116.39 and its 200 day simple moving average is $105.65. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.84 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 EPS. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 15.6 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 15th. CF Industries’s dividend payout ratio is currently 17.97%.

CF Industries 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.