9,783 CF Industries Holdings, Inc. $CF Shares Bought by Montecito Bank & Trust

Montecito Bank & Trust raised its position in CF Industries Holdings, Inc. (NYSE:CF) by 169.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,566 shares of the basic materials company’s stock after acquiring an additional 9,783 shares during the quarter. Montecito Bank & Trust’s holdings in CF Industries were worth $1,906,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CF. Himension Capital Singapore PTE. LTD. bought a new position in shares of CF Industries in the 1st quarter worth approximately $25,000. Virtus Advisers LLC bought a new stake in CF Industries during the second quarter valued at approximately $25,000. Continuum Advisory LLC purchased a new stake in CF Industries during the second quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. purchased a new stake in CF Industries during the second quarter valued at approximately $29,000. Finally, Hantz Financial Services Inc. raised its position in CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 156 shares during the period. 93.06% of the stock is currently owned by institutional investors.

CF Industries Price Performance

NYSE:CF traded down $0.74 during trading hours on Thursday, hitting $114.46. 2,476,383 shares of the stock traded hands, compared to its average volume of 3,297,616. The company has a market cap of $17.32 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.22 and a beta of 0.40. CF Industries Holdings, Inc. has a 1 year low of $75.42 and a 1 year high of $141.96. The stock has a 50 day moving average price of $125.05 and a 200 day moving average price of $121.18. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF) last announced 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). The firm 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 for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the company earned $2.37 earnings per share. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 13.9 EPS for the current fiscal year.

CF Industries Increases Dividend

The firm also recently declared 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 is a boost from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, August 14th. CF Industries’s payout ratio is 17.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Morgan Stanley reduced their price objective on CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. BNP Paribas Exane lowered their target price on CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Zacks Research lowered CF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Weiss Ratings upgraded CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $121.11.

CF Industries Company Profile

CF Industries Holdings, Inc (NYSE: CF) is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.