PNC Financial Services Group Inc. Has $2.35 Million Stake in CF Industries Holdings, Inc. $CF

PNC Financial Services Group Inc. raised its stake in CF Industries Holdings, Inc. (NYSE:CF) by 8.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,545 shares of the basic materials company’s stock after acquiring an additional 1,888 shares during the quarter. PNC Financial Services Group Inc.’s holdings in CF Industries were worth $2,350,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Talaria Asset Management Pty Ltd increased its holdings in shares of CF Industries by 77.0% during the first quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock worth $45,640,000 after buying an additional 254,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in CF Industries by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock worth $473,220,000 after acquiring an additional 262,944 shares during the last quarter. Cerity Partners LLC increased its holdings in CF Industries by 31.2% in the 1st quarter. Cerity Partners LLC now owns 17,208 shares of the basic materials company’s stock worth $1,345,000 after purchasing an additional 4,089 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in CF Industries by 5.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock worth $25,442,000 after purchasing an additional 15,291 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in CF Industries in the first quarter valued at about $849,000. 93.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CF. Scotiabank boosted their price target on CF Industries from $82.00 to $90.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. UBS Group reduced their target price on shares of CF Industries from $96.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CF Industries in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $95.64.

CF Industries Price Performance

Shares of NYSE CF opened at $81.21 on Wednesday. The company has a market capitalization of $12.67 billion, a PE ratio of 10.60 and a beta of 0.89. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $104.45. The firm has a fifty day simple moving average of $86.04 and a 200 day simple moving average of $88.80.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. On average, sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. CF Industries’s dividend payout ratio is presently 24.10%.

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.