Larson Financial Group LLC Purchases 590 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Larson Financial Group LLC raised its stake in CF Industries Holdings, Inc. (NYSE:CF) by 101.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,173 shares of the basic materials company’s stock after buying an additional 590 shares during the quarter. Larson Financial Group LLC’s holdings in CF Industries were worth $93,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CF. Boston Partners bought a new position in CF Industries in the third quarter valued at approximately $160,475,000. Bank of New York Mellon Corp boosted its holdings in CF Industries by 34.2% during the third quarter. Bank of New York Mellon Corp now owns 5,213,654 shares of the basic materials company’s stock worth $447,019,000 after purchasing an additional 1,329,677 shares during the last quarter. Van ECK Associates Corp boosted its holdings in CF Industries by 98.4% during the third quarter. Van ECK Associates Corp now owns 891,216 shares of the basic materials company’s stock worth $76,413,000 after purchasing an additional 441,995 shares during the last quarter. Federated Hermes Inc. boosted its holdings in CF Industries by 146.6% during the third quarter. Federated Hermes Inc. now owns 502,369 shares of the basic materials company’s stock worth $43,073,000 after purchasing an additional 298,673 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in CF Industries by 87.3% during the third quarter. The Manufacturers Life Insurance Company now owns 454,631 shares of the basic materials company’s stock worth $38,980,000 after purchasing an additional 211,913 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CF. UBS Group cut shares of CF Industries from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $95.00 to $83.00 in a report on Wednesday, January 31st. Wolfe Research assumed coverage on shares of CF Industries in a research report on Friday, March 1st. They set an “outperform” rating and a $99.00 price target on the stock. Barclays raised shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price target on the stock in a research report on Friday, January 12th. Bank of America reaffirmed a “neutral” rating and set a $88.00 price target (down from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of CF Industries in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $86.47.

CF Industries Price Performance

NYSE:CF opened at $79.98 on Friday. CF Industries Holdings, Inc. has a 52 week low of $60.08 and a 52 week high of $87.90. The firm has a market cap of $15.01 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 2.25 and a beta of 1.03. The firm’s 50-day simple moving average is $81.49 and its 200 day simple moving average is $79.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.44 and a current ratio of 3.81.

CF Industries (NYSE:CF) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business posted $4.35 earnings per share. CF Industries’s revenue was down 39.8% compared to the same quarter last year. As a group, sell-side analysts predict that CF Industries Holdings, Inc. will post 5.86 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s dividend payout ratio is 25.51%.

Insiders Place Their Bets

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the sale, the executive vice president now directly owns 64,030 shares in the company, valued at $5,442,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.42% of the company’s stock.

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.