Raymond James & Associates Has $12.27 Million Stake in CF Industries Holdings, Inc. (NYSE:CF)

Raymond James & Associates increased its position in CF Industries Holdings, Inc. (NYSE:CF) by 7.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 143,050 shares of the basic materials company’s stock after acquiring an additional 10,092 shares during the quarter. Raymond James & Associates’ holdings in CF Industries were worth $12,274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CF. Park Avenue Securities LLC raised its position in shares of CF Industries by 7.6% during the first quarter. Park Avenue Securities LLC now owns 4,878 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 344 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of CF Industries by 277.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,652 shares of the basic materials company’s stock worth $1,718,000 after buying an additional 15,187 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in CF Industries in the first quarter worth $205,000. Allspring Global Investments Holdings LLC grew its stake in shares of CF Industries by 137.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 580,518 shares of the basic materials company’s stock valued at $48,305,000 after buying an additional 335,624 shares during the period. Finally, Azzad Asset Management Inc. ADV grew its stake in CF Industries by 3.4% in the first quarter. Azzad Asset Management Inc. ADV now owns 14,731 shares of the basic materials company’s stock valued at $1,226,000 after acquiring an additional 484 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the transaction, the vice president now owns 29,211 shares in the company, valued at $2,629,574.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the transaction, the executive vice president now owns 66,268 shares in the company, valued at approximately $5,964,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the transaction, the vice president now owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CF. Scotiabank lifted their price objective on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. UBS Group lifted their target price on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Bank of America lowered CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price for the company. in a research report on Wednesday, October 16th. Redburn Atlantic started coverage on shares of CF Industries in a research note on Friday, October 18th. They set a “neutral” rating and a $77.00 price target for the company. Finally, Mizuho upped their price target on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus target price of $87.67.

CF Industries Price Performance

Shares of NYSE CF opened at $83.19 on Monday. The stock’s 50-day simple moving average is $83.10 and its two-hundred day simple moving average is $78.31. The firm has a market capitalization of $15.21 billion, a P/E ratio of 13.82, a P/E/G ratio of 2.49 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 twelve month low of $69.13 and a twelve month high of $90.86.

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 firm had revenue of $1.57 billion for 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 was down 11.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.70 EPS. As a group, equities analysts anticipate that CF Industries Holdings, Inc. will post 5.84 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s dividend payout ratio is presently 33.22%.

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.