Laurel Wealth Advisors LLC Grows Stake in CF Industries Holdings, Inc. $CF

Laurel Wealth Advisors LLC boosted its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 9,100.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,600 shares of the basic materials company’s stock after purchasing an additional 4,550 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in CF Industries were worth $423,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new position in shares of CF Industries during the 2nd quarter worth $26,000. Zions Bancorporation National Association UT purchased a new position in CF Industries during the 1st quarter valued at about $27,000. Allworth Financial LP raised its position in CF Industries by 123.0% during the second quarter. Allworth Financial LP now owns 611 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 337 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of CF Industries in the first quarter valued at about $50,000. Finally, Geneos Wealth Management Inc. grew its position in shares of CF Industries by 141.6% in the first quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

NYSE CF opened at $79.39 on Friday. The business’s 50-day moving average price is $84.92 and its 200 day moving average price is $88.50. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. The company has a market capitalization of $12.38 billion, a PE ratio of 10.36 and a beta of 0.89. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 EPS. On average, research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is 24.10%.

Analyst Upgrades and Downgrades

CF has been the subject of several research reports. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. Wells Fargo & Company assumed coverage on CF Industries in a research note on Tuesday, November 11th. They set an “overweight” rating and a $100.00 price objective on the stock. HSBC dropped their price objective on CF Industries from $95.00 to $91.00 and set a “hold” rating for the company in a research report on Monday, November 24th. BNP Paribas lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Rothschild & Co Redburn raised their price target on shares of CF Industries from $78.00 to $86.00 in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $94.33.

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.