B. Riley Wealth Advisors Inc. Acquires Shares of 5,372 CF Industries Holdings, Inc. (NYSE:CF)

B. Riley Wealth Advisors Inc. bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,372 shares of the basic materials company’s stock, valued at approximately $427,000.

A number of other institutional investors have also modified their holdings of CF. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CF Industries during the fourth quarter worth approximately $29,000. Bruce G. Allen Investments LLC purchased a new position in CF Industries during the 4th quarter worth $32,000. Meeder Asset Management Inc. purchased a new stake in shares of CF Industries in the fourth quarter valued at about $36,000. ORG Partners LLC increased its stake in shares of CF Industries by 62.2% during the fourth quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 230 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in CF Industries by 70.1% during the third quarter. Parkside Financial Bank & Trust now owns 621 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 256 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CF. Scotiabank lowered 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. Bank of America reiterated a “neutral” rating and issued a $88.00 price objective (down previously from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Berenberg Bank boosted their target price on shares of CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. BMO Capital Markets cut their price target on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Finally, Piper Sandler decreased their price objective on shares of CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.00.

CF Industries Stock Performance

NYSE CF opened at $75.57 on Tuesday. 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 stock has a market cap of $13.81 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 2.37 and a beta of 1.00. 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 fifty day moving average of $76.83 and a 200-day moving average of $78.69.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm posted $2.85 EPS. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year. As a group, analysts predict that CF Industries Holdings, Inc. will post 5.2 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors 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 yield of 2.65%. CF Industries’s dividend payout ratio (DPR) is currently 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.