Venturi Wealth Management LLC Makes New Investment in CF Industries Holdings, Inc. $CF

Venturi Wealth Management LLC acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,999 shares of the basic materials company’s stock, valued at approximately $276,000.

A number of other hedge funds have also recently added to or reduced their stakes in CF. Pallas Capital Advisors LLC bought a new position in CF Industries during the 1st quarter worth $343,000. Handelsbanken Fonder AB increased its stake in CF Industries by 11.4% during the 1st quarter. Handelsbanken Fonder AB now owns 43,100 shares of the basic materials company’s stock worth $3,368,000 after acquiring an additional 4,400 shares during the period. CX Institutional bought a new position in shares of CF Industries in the 1st quarter valued at $190,000. NorthCrest Asset Manangement LLC increased its stake in shares of CF Industries by 1.6% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 42,211 shares of the basic materials company’s stock valued at $3,299,000 after purchasing an additional 681 shares during the last quarter. Finally, Donald L. Hagan LLC increased its stake in shares of CF Industries by 2.4% in the 1st quarter. Donald L. Hagan LLC now owns 12,950 shares of the basic materials company’s stock valued at $1,012,000 after purchasing an additional 304 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

CF has been the topic of several recent analyst reports. BNP Paribas lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $100.00 in a research note on Wednesday, August 13th. Scotiabank reiterated a “sector perform” rating and issued a $82.00 price target (up previously from $81.00) on shares of CF Industries in a research note on Monday, August 11th. Mizuho lifted their price target on CF Industries from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Bank of America reiterated an “underperform” rating and issued a $82.00 price target (down previously from $93.00) on shares of CF Industries in a research note on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $95.14.

CF Industries Stock Down 1.4%

Shares of CF opened at $87.33 on Friday. The stock’s 50-day moving average price is $86.91 and its two-hundred day moving average price is $86.87. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $104.45. The company has a market capitalization of $14.14 billion, a PE ratio of 11.40 and a beta of 0.93. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.02. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the company posted $2.30 EPS. The business’s revenue was up 20.2% on a year-over-year basis. On average, analysts anticipate 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. Shareholders of record on Friday, November 14th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. CF Industries’s payout ratio is 26.11%.

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.