Wedmont Private Capital Acquires 12,580 Shares of CF Industries Holdings, Inc. $CF

Wedmont Private Capital lifted its stake in CF Industries Holdings, Inc. (NYSE:CF) by 409.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,654 shares of the basic materials company’s stock after buying an additional 12,580 shares during the period. Wedmont Private Capital’s holdings in CF Industries were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Insight Wealth Strategies LLC grew its position in CF Industries by 1.6% in the 3rd quarter. Insight Wealth Strategies LLC now owns 55,706 shares of the basic materials company’s stock worth $6,417,000 after purchasing an additional 874 shares during the last quarter. Douglas Lane & Associates LLC lifted its stake in shares of CF Industries by 465.0% in the third quarter. Douglas Lane & Associates LLC now owns 609,443 shares of the basic materials company’s stock valued at $76,313,000 after buying an additional 501,586 shares during the period. Monument Capital Management acquired a new stake in CF Industries during the third quarter worth about $2,468,000. GAMMA Investing LLC increased its stake in CF Industries by 616.6% during the third quarter. GAMMA Investing LLC now owns 54,379 shares of the basic materials company’s stock valued at $6,797,000 after acquiring an additional 46,790 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in CF Industries by 2,298.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 97,462 shares of the basic materials company’s stock valued at $12,297,000 after acquiring an additional 93,399 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Weiss Ratings upgraded CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 16th. KeyCorp started coverage on CF Industries in a research report on Thursday, September 10th. They set an “underweight” rating and a $115.00 price objective on the stock. Sanford C. Bernstein initiated coverage on CF Industries in a research note on Friday, September 25th. They issued an “outperform” rating and a $162.00 target price for the company. Royal Bank Of Canada reduced their target price on CF Industries from $125.00 to $115.00 and set a “sector perform” rating for the company in a research report on Friday, July 17th. Finally, Rothschild & Co Redburn upgraded shares of CF Industries from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $98.00 to $110.00 in a research note on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, CF Industries has an average rating of “Hold” and a consensus target price of $121.11.

CF Industries Stock Down 1.7%

NYSE CF opened at $111.67 on Friday. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96. The company has a market capitalization of $16.90 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 0.22 and a beta of 0.53. The stock’s 50 day moving average is $123.61 and its two-hundred day moving average is $120.67. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 24.41% and a net margin of 27.12%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.37 earnings per share. Equities analysts forecast that CF Industries Holdings, Inc. will post 13.90 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, November 16th. CF Industries’s dividend payout ratio is currently 17.79%.

CF Industries Company Profile

CF Industries Holdings, Inc (NYSE: CF) is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.