Optimum Investment Advisors Trims Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Optimum Investment Advisors reduced its stake in CF Industries Holdings, Inc. (NYSE:CF) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,025 shares of the basic materials company’s stock after selling 150 shares during the quarter. Optimum Investment Advisors’ holdings in CF Industries were worth $168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC lifted its position in 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 buying an additional 344 shares during the period. Czech National Bank lifted its position in CF Industries by 0.5% during the first quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock worth $2,797,000 after buying an additional 153 shares during the period. Fulton Bank N.A. lifted its position in CF Industries by 5.1% during the first quarter. Fulton Bank N.A. now owns 21,837 shares of the basic materials company’s stock worth $1,817,000 after buying an additional 1,068 shares during the period. Mather Group LLC. purchased a new position in CF Industries during the first quarter worth about $55,000. Finally, Rowlandmiller & PARTNERS.ADV purchased a new position in CF Industries during the first quarter worth about $214,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Price Performance

Shares of NYSE CF opened at $73.11 on Friday. CF Industries Holdings, Inc. has a fifty-two week low of $67.59 and a fifty-two week high of $87.90. The business has a 50 day moving average price of $76.88 and a two-hundred day moving average price of $78.67. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. The firm has a market cap of $13.36 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.37 and a beta of 1.00.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business earned $2.85 EPS. CF Industries’s revenue for the quarter was down 26.9% compared to the same quarter last year. Sell-side analysts expect that CF Industries Holdings, Inc. will post 5.2 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, May 31st. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.74%. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CF. Berenberg Bank increased their target price on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Piper Sandler cut their price objective on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a report on Tuesday, May 7th. Wolfe Research started coverage on CF Industries in a report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price objective on the stock. Scotiabank cut their price objective on CF Industries from $86.00 to $80.00 and set a “sector perform” rating on the stock in a report on Monday, May 6th. Finally, Bank of America restated a “neutral” rating and issued a $88.00 price objective (down from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Two equities 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.00.

CF Industries Company 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.