Kimelman & Baird LLC Takes Position in CF Industries Holdings, Inc. (NYSE:CF)

Kimelman & Baird LLC acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 675 shares of the basic materials company’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Councilmark Asset Management LLC bought a new stake in CF Industries in the first quarter valued at approximately $1,251,000. Quantbot Technologies LP bought a new position in CF Industries during the first quarter worth $610,000. Guidance Capital Inc. acquired a new position in shares of CF Industries in the first quarter valued at $863,000. Swedbank AB bought a new position in shares of CF Industries in the first quarter valued at about $19,824,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of CF Industries by 68.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after buying an additional 630,264 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

CF Industries Trading Up 0.2 %

Shares of CF Industries stock opened at $85.80 on Tuesday. The firm’s 50-day moving average price is $79.31 and its two-hundred day moving average price is $77.95. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.38 and a beta of 0.95. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $87.82.

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

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.33%. CF Industries’s dividend payout ratio is currently 33.22%.

Analysts Set New Price Targets

CF has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, September 24th. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $80.00 to $90.00 in a research note on Friday, August 16th. Royal Bank of Canada boosted their price target on CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Scotiabank increased their price objective on CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Finally, UBS Group boosted their target price on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $87.73.

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.