3Chopt Investment Partners LLC Acquires 242 Shares of CF Industries Holdings, Inc. (NYSE:CF)

3Chopt Investment Partners LLC raised its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 10,410 shares of the basic materials company’s stock after buying an additional 242 shares during the period. 3Chopt Investment Partners LLC’s holdings in CF Industries were worth $772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. bought a new position in CF Industries during the first quarter valued at approximately $25,000. UMB Bank n.a. grew its position in CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 191 shares during the last quarter. Kimelman & Baird LLC bought a new position in CF Industries during the second quarter valued at approximately $50,000. nVerses Capital LLC grew its position in CF Industries by 250.0% during the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 500 shares during the last quarter. Finally, Mather Group LLC. bought a new position in CF Industries during the first quarter valued at approximately $55,000. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Performance

Shares of CF stock opened at $85.80 on Tuesday. The stock has a fifty day moving average of $79.31 and a 200 day moving average of $77.95. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $87.82. The firm 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 (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, beating the consensus estimate of $1.80 by $0.50. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.70 earnings per share. As a group, research analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CF shares. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $80.00 to $90.00 in a research report on Friday, August 16th. BMO Capital Markets raised their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Wells Fargo & Company raised their target price on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Royal Bank of Canada raised their target price on shares of CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Scotiabank raised their target price on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and a consensus target price of $87.73.

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.