3,072 Shares in CF Industries Holdings, Inc. (NYSE:CF) Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,072 shares of the basic materials company’s stock, valued at approximately $256,000.

A number of other hedge funds also recently modified their holdings of the company. Spire Wealth Management boosted its position in shares of CF Industries by 1.7% during the 1st quarter. Spire Wealth Management now owns 66,666 shares of the basic materials company’s stock valued at $5,547,000 after acquiring an additional 1,097 shares in the last quarter. Amalgamated Bank boosted its holdings in CF Industries by 38.0% during the first quarter. Amalgamated Bank now owns 66,684 shares of the basic materials company’s stock valued at $5,549,000 after purchasing an additional 18,367 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of CF Industries by 16.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,229 shares of the basic materials company’s stock valued at $685,000 after purchasing an additional 1,177 shares during the period. Fifth Third Bancorp raised its holdings in shares of CF Industries by 1.5% in the 1st quarter. Fifth Third Bancorp now owns 45,983 shares of the basic materials company’s stock worth $3,826,000 after buying an additional 669 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in CF Industries by 3.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 30,983 shares of the basic materials company’s stock valued at $2,578,000 after buying an additional 1,081 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

CF stock traded down $1.42 during trading hours on Thursday, reaching $78.26. The stock had a trading volume of 2,805,555 shares, compared to its average volume of 2,393,645. The stock has a 50-day simple moving average of $79.80 and a 200 day simple moving average of $78.81. CF Industries Holdings, Inc. has a fifty-two week low of $60.08 and a fifty-two week high of $87.90. The stock has a market capitalization of $14.30 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 2.50 and a beta of 1.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The business’s quarterly revenue was down 26.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.85 earnings per share. Analysts predict that CF Industries Holdings, Inc. will post 5.24 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Tuesday, May 14th. CF Industries’s payout ratio is 33.22%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CF. Berenberg Bank lifted their price target on CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Bank of America reissued a “neutral” rating and set a $88.00 price target (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CF Industries in a report on Friday, February 16th. Wells Fargo & Company dropped their target price on CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. Finally, Wolfe Research assumed coverage on CF Industries in a report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, CF Industries currently has an average rating of “Hold” and a consensus price target of $85.00.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the sale, the executive vice president now owns 64,030 shares of the company’s stock, valued at $5,442,550. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by corporate insiders.

About CF Industries

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.