Parvin Asset Management LLC Buys Shares of 4,565 CF Industries Holdings, Inc. $CF

Parvin Asset Management LLC bought a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,565 shares of the basic materials company’s stock, valued at approximately $494,000.

Several other institutional investors also recently made changes to their positions in CF. Himension Capital Singapore PTE. LTD. acquired a new stake in CF Industries in the first quarter worth $25,000. Virtus Advisers LLC bought a new stake in CF Industries in the second quarter valued at $25,000. Keating Financial Advisory Services Inc. bought a new stake in CF Industries in the second quarter valued at $29,000. Altshuler Shaham Ltd boosted its holdings in shares of CF Industries by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock valued at $54,000 after acquiring an additional 112 shares during the period. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of CF Industries by 39.6% during the second quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 122 shares during the period. 93.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zacks Research cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Wall Street Zen lowered shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Royal Bank Of Canada reduced their target price on shares of CF Industries from $125.00 to $115.00 and set a “sector perform” rating for the company in a research note on Friday, July 17th. BNP Paribas Exane decreased their target price on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, June 15th. Finally, The Goldman Sachs Group dropped their price target on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $116.56.

CF Industries Trading Down 1.2%

NYSE:CF opened at $125.71 on Thursday. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 0.25 and a beta of 0.39. The business has a fifty day moving average of $117.27 and a 200-day moving average of $116.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86.

CF Industries (NYSE:CF) last issued 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). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the business posted $2.37 earnings per share. CF Industries’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities analysts predict that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current year.

CF Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a $0.60 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s payout ratio is currently 17.79%.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.