3Chopt Investment Partners LLC Grows Stock Position in CF Industries Holdings, Inc. $CF

3Chopt Investment Partners LLC raised its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 399.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,826 shares of the basic materials company’s stock after buying an additional 11,858 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in CF Industries were worth $1,364,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Zions Bancorporation National Association UT purchased a new stake in CF Industries during the first quarter valued at about $27,000. Golden State Wealth Management LLC increased its position in shares of CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 206 shares during the last quarter. TCTC Holdings LLC raised its position in shares of CF Industries by 114.1% during the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 202 shares in the last quarter. Grove Bank & Trust boosted its holdings in shares of CF Industries by 118.5% in the 1st quarter. Grove Bank & Trust now owns 542 shares of the basic materials company’s stock valued at $42,000 after buying an additional 294 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in shares of CF Industries during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

CF has been the subject of a number of recent analyst reports. Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $95.00 to $100.00 in a report on Wednesday, August 13th. Zacks Research lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of CF Industries in a report on Saturday, September 27th. Wolfe Research cut shares of CF Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 12th. Finally, Wells Fargo & Company reduced their price objective on CF Industries from $108.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average price target of $95.14.

CF Industries Stock Performance

CF opened at $88.61 on Friday. The company has a market cap of $14.35 billion, a PE ratio of 11.57 and a beta of 0.93. The stock has a 50-day moving average of $86.99 and a 200-day moving average of $86.78. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $2.30 earnings per share. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. CF Industries’s payout ratio is presently 26.11%.

About CF Industries

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.