557,671 Shares of CF Industries Holdings, Inc. $CF Bought by Vest Financial LLC

Vest Financial LLC purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 557,671 shares of the basic materials company’s stock, valued at approximately $68,761,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in CF Industries during the 2nd quarter worth approximately $1,410,607,000. Bank of New York Mellon Corp acquired a new position in shares of CF Industries during the second quarter valued at approximately $198,857,000. Bank of America Corp DE acquired a new position in shares of CF Industries during the second quarter valued at approximately $186,353,000. Deutsche Bank AG acquired a new position in shares of CF Industries during the second quarter valued at approximately $157,850,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of CF Industries by 407.5% in the third quarter. Assenagon Asset Management S.A. now owns 1,352,013 shares of the basic materials company’s stock valued at $170,136,000 after acquiring an additional 1,085,612 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Price Performance

CF stock opened at $116.42 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32. The business has a 50 day simple moving average of $123.66 and a 200-day simple moving average of $119.94. The firm has a market capitalization of $17.62 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.23 and a beta of 0.53. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96.

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

CF Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

CF has been the topic of a number of research analyst reports. Rothschild & Co Redburn raised 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. Weiss Ratings upgraded CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 16th. KeyCorp assumed coverage on CF Industries in a research note on Thursday, September 10th. They issued an “underweight” rating and a $115.00 price objective for the company. set a $115.00 price objective on CF Industries and gave the company a “sector perform” rating in a research note on Monday, October 5th. Finally, Freedom Broker lowered CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $121.11.

CF Industries Company Profile

CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.

The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.