Aaron Wealth Advisors LLC Purchases New Position in CF Industries Holdings, Inc. $CF

Aaron Wealth Advisors LLC purchased a new position in CF Industries Holdings, Inc. (NYSE:CF) in the first quarter, Holdings Channel reports. The fund purchased 6,444 shares of the basic materials company’s stock, valued at approximately $837,000.

A number of other hedge funds also recently bought and sold shares of CF. Victory Capital Management Inc. grew its stake in CF Industries by 10.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock valued at $449,742,000 after acquiring an additional 480,126 shares during the period. Dimensional Fund Advisors LP raised its position in CF Industries by 37.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock worth $333,501,000 after acquiring an additional 1,178,516 shares during the period. Boston Partners raised its position in CF Industries by 15.3% during the third quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock worth $321,852,000 after acquiring an additional 476,769 shares during the period. Invesco Ltd. lifted its holdings in CF Industries by 12.0% during the fourth quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock valued at $276,123,000 after purchasing an additional 381,716 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in CF Industries by 1.9% during the third quarter. Ameriprise Financial Inc. now owns 3,351,194 shares of the basic materials company’s stock valued at $300,602,000 after purchasing an additional 63,938 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CF shares. Weiss Ratings raised shares of CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. UBS Group decreased their price target on shares of CF Industries from $140.00 to $130.00 in a research note on Friday, May 8th. Scotiabank lifted their price objective on CF Industries from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. Zacks Research lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Bank of America boosted their price objective on CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, CF Industries currently has a consensus rating of “Hold” and an average price target of $118.50.

CF Industries Stock Performance

CF opened at $105.73 on Friday. CF Industries Holdings, Inc. has a twelve month low of $75.42 and a twelve month high of $141.96. The firm has a market capitalization of $16.24 billion, a PE ratio of 9.50 and a beta of 0.38. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average price is $116.39 and its 200 day moving average price is $105.45.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $1.35. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. CF Industries’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, sell-side analysts expect that CF Industries Holdings, Inc. will post 15.6 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.50 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. CF Industries’s dividend payout ratio is 17.97%.

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.