8,770 Shares in CF Industries Holdings, Inc. (NYSE:CF) Acquired by Royal Fund Management LLC

Royal Fund Management LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,770 shares of the basic materials company’s stock, valued at approximately $730,000.

A number of other institutional investors also recently made changes to their positions in CF. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CF Industries in the 4th quarter valued at approximately $29,000. Bruce G. Allen Investments LLC bought a new position in CF Industries during the 4th quarter worth $32,000. Meeder Asset Management Inc. bought a new position in CF Industries during the 4th quarter worth $36,000. ORG Partners LLC grew its stake in CF Industries by 62.2% during the 4th quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock worth $48,000 after buying an additional 230 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in CF Industries by 70.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 621 shares of the basic materials company’s stock worth $53,000 after buying an additional 256 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on CF shares. BMO Capital Markets lowered their price objective on CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Scotiabank dropped their price target on CF Industries from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Monday, May 6th. Wolfe Research assumed coverage on CF Industries in a research report on Friday, March 1st. They issued an “outperform” rating and a $99.00 target price on the stock. Bank of America reissued a “neutral” rating and set a $88.00 price objective (down previously from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Finally, Berenberg Bank increased their target price on CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.00.

CF Industries Price Performance

CF stock traded up $1.72 during midday trading on Monday, reaching $74.83. 233,701 shares of the company’s stock traded hands, compared to its average volume of 2,388,523. The company has a 50-day simple moving average of $76.88 and a two-hundred day simple moving average of $78.70. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. CF Industries Holdings, Inc. has a 1-year low of $67.59 and a 1-year high of $87.90. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 12.14, a PEG 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 (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.44). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 EPS. On average, analysts anticipate that CF Industries Holdings, Inc. will post 5.2 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given 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 dividend yield of 2.67%. CF Industries’s payout ratio is currently 33.22%.

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.