Royal Fund Management LLC Purchases 5,100 Shares of CF Industries Holdings, Inc. $CF

Royal Fund Management LLC lifted its position in CF Industries Holdings, Inc. (NYSE:CF) by 170.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,100 shares of the basic materials company’s stock after buying an additional 5,100 shares during the period. Royal Fund Management LLC’s holdings in CF Industries were worth $933,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of CF Industries in the second quarter worth $1,410,607,000. Bank of New York Mellon Corp bought a new stake in CF Industries during the second quarter valued at $198,857,000. Bank of America Corp DE purchased a new position in CF Industries during the second quarter worth about $186,353,000. Deutsche Bank AG bought a new position in CF Industries in the 2nd quarter worth about $157,850,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of CF Industries by 407.5% in the 3rd 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. Institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CF shares. KeyCorp started coverage on CF Industries in a research report on Thursday, September 10th. They set an “underweight” rating and a $115.00 price target for the company. Canadian Imperial Bank of Commerce increased their price target on shares of CF Industries from $125.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley reduced their price objective on CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. BMO Capital Markets decreased their target price on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Finally, UBS Group set a $133.00 price objective on shares of CF Industries in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and a consensus price target of $121.89.

CF Industries Trading Up 1.8%

Shares of CF Industries stock traded up $2.09 during midday trading on Friday, reaching $120.65. 2,034,704 shares of the company’s stock traded hands, compared to its average volume of 2,460,938. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. The company has a market cap of $18.26 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 0.23 and a beta of 0.53. The stock has a 50 day moving average of $123.74 and a 200-day moving average of $119.87. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.37 EPS. As a group, equities analysts expect that CF Industries Holdings, Inc. will post 13.89 EPS 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 issued a $0.60 dividend. The ex-dividend date is Monday, November 16th. This represents a $2.40 annualized dividend and a yield of 2.0%. CF Industries’s dividend payout ratio is 17.79%.

About CF Industries

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.