Proficio Capital Partners LLC Invests $534,000 in CF Industries Holdings, Inc. $CF

Proficio Capital Partners LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,928 shares of the basic materials company’s stock, valued at approximately $534,000.

A number of other large investors also recently made changes to their positions in CF. Himension Capital Singapore PTE. LTD. acquired a new position in CF Industries in the 1st quarter valued at $25,000. Virtus Advisers LLC acquired a new stake in shares of CF Industries during the second quarter worth $25,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of CF Industries during the second quarter worth $29,000. Altshuler Shaham Ltd boosted its position in shares of CF Industries by 36.6% in 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 grew its stake in shares of CF Industries by 39.6% in 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 in the last quarter. Institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CF. Weiss Ratings lowered shares of CF Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Bank of America boosted their price objective on shares of CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. JPMorgan Chase & Co. increased their target price on shares of CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Freedom Capital raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Finally, HSBC dropped their price target on shares of CF Industries from $130.00 to $121.00 in a research report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $116.56.

CF Industries Price Performance

CF Industries stock opened at $139.28 on Thursday. 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 Holdings, Inc. has a 52 week low of $75.42 and a 52 week high of $141.96. The stock has a market capitalization of $21.08 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 0.27 and a beta of 0.40. The stock has a fifty day moving average of $120.10 and a 200-day moving average of $117.85.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the company earned $2.37 earnings per share. CF Industries’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 13.7 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s payout ratio is presently 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.