Patton Fund Management Inc. Has $276,000 Holdings in CF Industries Holdings, Inc. $CF

Patton Fund Management Inc. trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 87.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,072 shares of the basic materials company’s stock after selling 20,572 shares during the quarter. Patton Fund Management Inc.’s holdings in CF Industries were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new stake in CF Industries during the 2nd quarter worth approximately $26,000. MUFG Securities EMEA plc acquired a new position in CF Industries in the second quarter worth $44,000. CYBER HORNET ETFs LLC bought a new stake in shares of CF Industries during the second quarter worth $46,000. Allworth Financial LP grew its holdings in shares of CF Industries by 123.0% during the second quarter. Allworth Financial LP now owns 611 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 337 shares during the last quarter. Finally, Caldwell Trust Co acquired a new stake in shares of CF Industries in the second quarter valued at $61,000. Institutional investors own 93.06% of the company’s stock.

CF Industries Trading Down 1.6%

NYSE:CF opened at $77.45 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $104.45. The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of 9.33 and a beta of 0.68. The business’s 50-day moving average price is $81.36 and its two-hundred day moving average price is $87.22.

CF Industries (NYSE:CF) last announced 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 return on equity of 18.14% and a net margin of 20.47%.The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the business posted $1.55 EPS. CF Industries’s revenue was up 21.1% on a year-over-year basis. On average, equities analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is currently 24.10%.

Analysts Set New Price Targets

A number of brokerages have commented on CF. Wolfe Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Bank of America upped their target price on shares of CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 14th. Wells Fargo & Company began coverage on CF Industries in a research report on Tuesday, November 11th. They issued an “overweight” rating and a $100.00 price objective on the stock. The Goldman Sachs Group cut their price target on CF Industries from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 16th. Finally, UBS Group lowered their price objective on CF Industries from $96.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average price target of $93.06.

CF Industries Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.