Vest Financial LLC Has $25.19 Million Holdings in CF Industries Holdings, Inc. $CF

Vest Financial LLC reduced its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 26.5% during the 2nd quarter, Holdings Channel reports. The fund owned 273,848 shares of the basic materials company’s stock after selling 98,849 shares during the quarter. Vest Financial LLC’s holdings in CF Industries were worth $25,194,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new position in shares of CF Industries in the 2nd quarter worth approximately $26,000. Zions Bancorporation National Association UT acquired a new position in shares of CF Industries in the 1st quarter worth approximately $27,000. Golden State Wealth Management LLC boosted its holdings in shares of CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 206 shares in the last quarter. TCTC Holdings LLC boosted its holdings in shares of CF Industries by 114.1% in the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 202 shares in the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of CF Industries by 118.5% in the 1st quarter. Grove Bank & Trust now owns 542 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 294 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Performance

CF stock opened at $87.33 on Monday. The business’s fifty day moving average is $86.91 and its 200-day moving average is $87.00. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The company has a market cap of $14.14 billion, a P/E ratio of 11.40 and a beta of 0.93. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.02. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.30 EPS. Equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. CF Industries’s dividend payout ratio is 26.11%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Bank of America reissued an “underperform” rating and issued a $82.00 target price (down from $93.00) on shares of CF Industries in a report on Thursday, August 14th. Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Morgan Stanley set a $95.00 price objective on CF Industries and gave the stock an “equal weight” rating in a report on Thursday, June 26th. Royal Bank Of Canada set a $100.00 price objective on CF Industries and gave the stock a “sector perform” rating in a report on Monday, July 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CF Industries in a report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $95.14.

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.