Csenge Advisory Group Sells 4,379 Shares of CF Industries Holdings, Inc. $CF

Csenge Advisory Group reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 47.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,876 shares of the basic materials company’s stock after selling 4,379 shares during the quarter. Csenge Advisory Group’s holdings in CF Industries were worth $562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CF. Himension Capital Singapore PTE. LTD. purchased a new stake in shares of CF Industries during the first quarter valued at approximately $25,000. Virtus Advisers LLC purchased a new position in shares of CF Industries in the second quarter worth $25,000. Continuum Advisory LLC purchased a new position in shares of CF Industries in the second quarter valued at about $28,000. Keating Financial Advisory Services Inc. purchased a new position in shares of CF Industries in the second quarter valued at about $29,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of CF Industries during the third quarter valued at about $35,000. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CF shares. UBS Group dropped their target price on shares of CF Industries from $134.00 to $133.00 and set a “neutral” rating for the company in a report on Wednesday. KeyCorp started coverage on CF Industries in a research report on Thursday, September 10th. They issued an “underweight” rating and a $115.00 price objective on the stock. Wall Street Zen downgraded CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Scotiabank upped their target price on CF Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Freedom Broker raised their price target on CF Industries from $129.00 to $133.00 and gave the stock a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $123.30.

CF Industries Stock Up 0.2%

Shares of NYSE:CF opened at $125.14 on Friday. The firm has a market capitalization of $18.31 billion, a P/E ratio of 8.83, a P/E/G ratio of 0.25 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.68 and a current ratio of 2.98. The stock has a 50 day moving average price of $121.38 and a 200-day moving average price of $117.53. CF Industries Holdings, Inc. has a 52-week low of $75.42 and a 52-week high of $141.96.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, November 4th. The basic materials company reported $2.87 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.13). The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.77 billion. CF Industries had a net margin of 27.48% and a return on equity of 24.52%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.19 EPS. As a group, equities research analysts anticipate that CF Industries Holdings, Inc. will post 13.59 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, November 16th. CF Industries’s dividend payout ratio is 16.94%.

CF Industries Company Profile

CF Industries Holdings, Inc. is a producer and distributor of nitrogen fertilizer and related products. Its main offerings include ammonia, granular urea, urea ammonium nitrate (UAN) and ammonium nitrate, which are used primarily to support crop production. The company also supplies nitrogen products for industrial applications, including emissions control and chemical manufacturing. Founded in 1946 as the Central Farmers Fertilizer Company, CF Industries grew from a cooperative serving agricultural retailers into a major nitrogen producer.