Wahed Invest LLC Boosts Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Wahed Invest LLC lifted its stake in CF Industries Holdings, Inc. (NYSE:CF) by 13.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,726 shares of the basic materials company’s stock after acquiring an additional 445 shares during the quarter. Wahed Invest LLC’s holdings in CF Industries were worth $310,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Raymond James & Associates raised its holdings in shares of CF Industries by 25.4% in the 4th quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock valued at $10,608,000 after purchasing an additional 27,027 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of CF Industries by 5.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 29,902 shares of the basic materials company’s stock valued at $2,377,000 after purchasing an additional 1,429 shares during the period. Fifth Third Bancorp lifted its stake in shares of CF Industries by 7.1% in the fourth quarter. Fifth Third Bancorp now owns 45,314 shares of the basic materials company’s stock valued at $3,602,000 after purchasing an additional 2,985 shares during the period. Parsons Capital Management Inc. RI lifted its stake in shares of CF Industries by 24.7% in the fourth quarter. Parsons Capital Management Inc. RI now owns 12,820 shares of the basic materials company’s stock valued at $1,019,000 after purchasing an additional 2,536 shares during the period. Finally, Independence Bank of Kentucky acquired a new stake in shares of CF Industries in the fourth quarter valued at about $421,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Stock Performance

CF stock traded down $2.57 during trading on Friday, hitting $73.23. 1,751,656 shares of the company’s stock traded hands, compared to its average volume of 2,279,406. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $87.90. The stock has a fifty day moving average price of $74.30 and a two-hundred day moving average price of $77.49. The stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 2.46 and a beta of 0.95.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.44). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The firm’s revenue was down 26.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.85 EPS. As a group, equities analysts anticipate that CF Industries Holdings, Inc. will post 5.18 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.73%. CF Industries’s dividend payout ratio is presently 33.22%.

Analyst Ratings Changes

CF has been the subject of a number of research reports. Piper Sandler cut their target price on shares of CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a research report on Tuesday, May 7th. UBS Group lowered their price target on shares of CF Industries from $86.00 to $78.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Berenberg Bank lifted their price target on shares of CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. BMO Capital Markets lowered their price target on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Finally, Scotiabank lowered their price target on shares of CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $82.87.

CF Industries Profile

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.