Montecito Bank & Trust Takes $667,000 Position in CF Industries Holdings, Inc. $CF

Montecito Bank & Trust bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,433 shares of the basic materials company’s stock, valued at approximately $667,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CF. Norges Bank purchased a new stake in CF Industries during the second quarter worth about $129,574,000. Worldquant Millennium Advisors LLC purchased a new position in shares of CF Industries in the second quarter valued at approximately $96,560,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of CF Industries by 926.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,118,446 shares of the basic materials company’s stock valued at $102,897,000 after purchasing an additional 1,009,455 shares in the last quarter. Allianz Asset Management GmbH increased its stake in CF Industries by 72.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock worth $159,061,000 after buying an additional 724,329 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in CF Industries during the 2nd quarter worth approximately $63,104,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of CF Industries in a research note on Monday. Mizuho lowered their price objective on CF Industries from $92.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday. The Goldman Sachs Group cut their target price on shares of CF Industries from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday. Wells Fargo & Company started coverage on shares of CF Industries in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $100.00 price target for the company. Finally, Zacks Research cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $93.06.

CF Industries Price Performance

CF stock opened at $78.24 on Friday. The business has a 50 day moving average price of $81.75 and a 200 day moving average price of $87.49. The company has a quick ratio of 1.99, a current ratio of 2.27 and a debt-to-equity ratio of 0.39. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 9.43 and a beta of 0.68. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.13. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.59 billion. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the company earned $1.55 earnings per share. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. CF Industries’s payout ratio is 24.10%.

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.