Raymond James Financial Inc. Takes Position in CF Industries Holdings, Inc. (NYSE:CF)

Raymond James Financial Inc. purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 174,436 shares of the basic materials company's stock, valued at approximately $14,883,000. Raymond James Financial Inc. owned 0.10% of CF Industries as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Checchi Capital Advisers LLC boosted its stake in CF Industries by 4.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company's stock worth $221,000 after purchasing an additional 108 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of CF Industries by 2.1% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company's stock valued at $495,000 after buying an additional 120 shares in the last quarter. Brooklyn Investment Group raised its position in CF Industries by 26.9% during the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock valued at $49,000 after buying an additional 122 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in CF Industries by 1.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company's stock worth $602,000 after acquiring an additional 126 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in CF Industries by 2.3% during the 4th quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company's stock worth $482,000 after acquiring an additional 127 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CF. BNP Paribas upgraded shares of CF Industries to a "strong-buy" rating in a report on Wednesday, April 9th. Bank of America raised CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 target price on the stock in a research report on Monday, February 24th. Oppenheimer lowered CF Industries from an "outperform" rating to a "market perform" rating in a report on Tuesday. Piper Sandler boosted their price target on CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group initiated coverage on shares of CF Industries in a research report on Thursday, March 13th. They set a "neutral" rating and a $86.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $89.29.

CF Industries Price Performance

Shares of CF stock traded up $1.22 during trading hours on Friday, hitting $78.52. The company had a trading volume of 1,266,394 shares, compared to its average volume of 2,095,907. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. The firm's fifty day moving average is $76.24 and its 200 day moving average is $83.65. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $98.25. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 0.37 and a beta of 0.84.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. On average, sell-side analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries's dividend payout ratio (DPR) is currently 29.54%.

CF Industries 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.