Connecticut Wealth Management LLC Takes $459,000 Position in CF Industries Holdings, Inc. (NYSE:CF)

Connecticut Wealth Management LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,774 shares of the basic materials company’s stock, valued at approximately $459,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CF. SVB Wealth LLC acquired a new position in shares of CF Industries in the third quarter valued at approximately $298,000. Raymond James & Associates increased its stake in CF Industries by 55.1% during the 3rd quarter. Raymond James & Associates now owns 106,412 shares of the basic materials company’s stock worth $9,124,000 after acquiring an additional 37,789 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in CF Industries by 3.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 28,473 shares of the basic materials company’s stock worth $2,441,000 after acquiring an additional 847 shares during the period. Brown Advisory Inc. increased its stake in CF Industries by 27.7% during the 3rd quarter. Brown Advisory Inc. now owns 6,474 shares of the basic materials company’s stock worth $555,000 after acquiring an additional 1,403 shares during the period. Finally, Forsta AP Fonden increased its stake in CF Industries by 39.4% during the 3rd quarter. Forsta AP Fonden now owns 81,700 shares of the basic materials company’s stock worth $7,005,000 after acquiring an additional 23,100 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CF shares. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of CF Industries in a research note on Friday, February 16th. BMO Capital Markets lowered their price objective on CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday. UBS Group lowered CF Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $95.00 to $83.00 in a research note on Wednesday, January 31st. Wells Fargo & Company reduced their target price on CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Finally, Wolfe Research began coverage on CF Industries in a report on Friday, March 1st. They issued an “outperform” rating and a $99.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, CF Industries presently has an average rating of “Hold” and an average price target of $85.80.

CF Industries Price Performance

Shares of NYSE CF traded up $0.92 during mid-day trading on Monday, hitting $75.01. 1,120,711 shares of the stock traded hands, compared to its average volume of 2,430,145. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. CF Industries Holdings, Inc. has a twelve month low of $60.08 and a twelve month high of $87.90. The company has a market cap of $14.08 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. The firm has a 50 day simple moving average of $81.46 and a two-hundred day simple moving average of $79.28.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the business earned $2.85 EPS. The company’s revenue was down 26.9% compared to the same quarter last year. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 5.86 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.67%. The ex-dividend date is Tuesday, May 14th. CF Industries’s dividend payout ratio is currently 33.22%.

Insider Buying and Selling

In related news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the transaction, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

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.