Sierra Summit Advisors LLC Acquires New Stake in CF Industries Holdings, Inc. $CF

Sierra Summit Advisors LLC bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 10,431 shares of the basic materials company’s stock, valued at approximately $936,000.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CF Industries by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company’s stock worth $1,368,000 after acquiring an additional 518 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in CF Industries by 161.1% during the 1st quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company’s stock worth $928,000 after purchasing an additional 7,324 shares during the last quarter. Woodline Partners LP lifted its position in shares of CF Industries by 40.7% in the 1st quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company’s stock worth $1,149,000 after purchasing an additional 4,252 shares during the period. Focus Partners Wealth lifted its position in shares of CF Industries by 21.8% in the 1st quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company’s stock worth $278,000 after purchasing an additional 638 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of CF Industries by 141.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 463 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of CF Industries stock opened at $99.46 on Friday. The business has a 50-day simple moving average of $88.34 and a 200 day simple moving average of $85.56. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $105.27. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.37 and a quick ratio of 2.93. The firm has a market capitalization of $15.28 billion, a price-to-earnings ratio of 11.05 and a beta of 0.70.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.06. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.78 billion. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The company’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 earnings per share. On average, research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.00 annualized dividend and a yield of 2.0%. CF Industries’s dividend payout ratio (DPR) is presently 22.22%.

Insiders Place Their Bets

In other CF Industries news, EVP Susan L. Menzel sold 3,215 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $97.00, for a total transaction of $311,855.00. Following the transaction, the executive vice president owned 87,861 shares in the company, valued at approximately $8,522,517. This represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CF. Scotiabank lifted their target price on shares of CF Industries from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $100.00 price objective on shares of CF Industries in a research note on Friday, February 20th. Wolfe Research raised CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Wells Fargo & Company lifted their target price on CF Industries from $100.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Finally, HSBC cut their price target on CF Industries from $95.00 to $91.00 and set a “hold” rating on the stock in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $95.53.

CF Industries Profile

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.