Kimelman & Baird LLC Takes $50,000 Position in CF Industries Holdings, Inc. (NYSE:CF)

Kimelman & Baird LLC purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 675 shares of the basic materials company’s stock, valued at approximately $50,000.

Several other hedge funds have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC grew its holdings in CF Industries by 4.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock worth $269,000 after acquiring an additional 140 shares during the period. Bleakley Financial Group LLC increased its holdings in CF Industries by 4.8% in the first quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock valued at $257,000 after purchasing an additional 141 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in CF Industries by 8.5% in the second quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock valued at $139,000 after buying an additional 146 shares during the period. SYSTM Wealth Solutions LLC boosted its holdings in CF Industries by 24.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock worth $66,000 after buying an additional 153 shares during the last quarter. Finally, Czech National Bank grew its position in shares of CF Industries by 0.5% during the 1st 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. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. 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. Royal Bank of Canada increased 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. Scotiabank boosted their price target 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. Bank of America lifted their target price on CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, UBS Group increased their price target on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. One equities 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $87.73.

CF Industries Price Performance

Shares of CF opened at $85.80 on Tuesday. 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 $87.82. The stock has a market capitalization of $15.68 billion, a P/E ratio of 14.25, a P/E/G ratio of 2.38 and a beta of 0.95. The company has a 50 day moving average of $79.31 and a 200-day moving average of $77.95.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business earned $2.70 EPS. The company’s revenue was down 11.4% compared to the same quarter last year. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

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

About CF Industries

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.