Commonwealth Retirement Investments LLC Takes $915,000 Position in CF Industries Holdings, Inc. (NYSE:CF)

Commonwealth Retirement Investments LLC purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, Holdings Channel reports. The fund purchased 12,350 shares of the basic materials company’s stock, valued at approximately $915,000.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in CF Industries by 401.2% in the second quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock worth $269,729,000 after purchasing an additional 2,912,942 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of CF Industries by 6.8% during the 2nd quarter. National Bank of Canada FI now owns 83,488 shares of the basic materials company’s stock worth $6,126,000 after acquiring an additional 5,318 shares during the last quarter. Strategy Asset Managers LLC purchased a new position in CF Industries during the 2nd quarter valued at $602,000. Archer Investment Corp grew its position in CF Industries by 38.8% in the 2nd quarter. Archer Investment Corp now owns 3,575 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 1,000 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in CF Industries by 7.0% in the second quarter. CIBC Asset Management Inc now owns 29,434 shares of the basic materials company’s stock worth $2,182,000 after purchasing an additional 1,928 shares during the period. 93.06% of the stock is currently owned by institutional investors.

CF Industries Price Performance

NYSE CF opened at $78.56 on Friday. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $87.90. The firm’s fifty day simple moving average is $75.93 and its two-hundred day simple moving average is $77.98. The company has a current ratio of 4.70, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $14.36 billion, a P/E ratio of 13.05, a P/E/G ratio of 2.38 and a beta of 0.95.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business posted $2.70 earnings per share. The firm’s revenue was down 11.4% compared to the same quarter last year. Analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.00 annualized dividend and a yield of 2.55%. CF Industries’s payout ratio is presently 33.22%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CF shares. Scotiabank boosted their target price on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. BMO Capital Markets boosted their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. UBS Group raised their target price on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Royal Bank of Canada lifted their price target on shares of CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $90.00 in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, CF Industries presently has an average rating of “Hold” and an average target price of $86.91.

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.