Fulton Bank NA Raises Stake in CF Industries Holdings, Inc. (NYSE:CF)

Financial Advisors


Fulton Bank NA increased its stock position in CF Industries Holdings (NYSE: CF – Get Rating) by 9.6% in the first quarter, according to the company’s latest disclosure filed with the Securities and Exchange Commission (SEC). The institutional investor held 23,325 shares of the basic materials company after he purchased an additional 2,037 shares during the quarter. His CF Industries stock in Fulton Bank NA was worth $1,691,000 at the end of the most recent quarter.

Many other hedge funds and institutional investors have also changed their CF holdings. United Capital Financial Advisors LLC boosted his CF Industries stock position by 18.1% in the third quarter. United Capital Financial Advisers LLC acquired an additional 563 shares of him last quarter and now owns 3,669 shares of Basic Materials, valued at $353,000. Pathstone Family Office LLC increased his position in CF Industries stock by 4.9% in the third quarter. Pathstone Family Office LLC acquired an additional 338 shares during the last quarter and now owns 7,307 shares of the basic materials company, valued at $704,000. Moran Wealth Management LLC acquired new shares of CF Industries stock valued at approximately $1,164,000 in the fourth quarter. Forsta AP Fonden increased its position in CF Industries by 22.1% during the fourth quarter. Forsta AP Fonden now owns 56,900 shares of the basic materials company, valued at $4,848,000, after purchasing an additional 10,300 shares last quarter. Finally, Natixis increased its position in CF Industries by 17.1% in Q4. Natixis now owns 156,808 shares of the basic materials company, valued at $13.36 million, after purchasing an additional 22,894 shares last quarter. Currently 92.94% of the shares are owned by hedge funds and other institutional investors.

Analyst Rating Change

Many securities companies are paying attention to CF. In a research report on Monday, April 10, Scotiabank upgraded CF Industries’ stock from a ‘sector perform’ rating to a ‘sector outperform’ rating and set a target price for the stock at $95.00. Stifel Nikolaus lowered his price target on CF Industries from $79.00 to $76.00 in a research report on Tuesday, May 16. Morgan Stanley lowered its price target on CF Industries stock to $70.00 from $75.00 in a research report on Tuesday, May 30. BMO Capital Markets cut its price target on CF Industries from $115.00 to $105.00 in a research report on Wednesday, May 3. Finally, Bank of America lowered its price target on CF Industries stock from $100.00 to $95.00 in a research report on Thursday, June 8. One equity research analyst rated the company a sell, four a hold, and seven a buy. Based on MarketBeat.com data, the stock has an average Rating of Moderate Buy and a Consensus Price Target of $91.07.

Insider activity

In other news, Vice President Douglas C. Bernard sold 17,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $61.28 for a total transaction value of $1,041,760.00. Following the closing of the transaction, the Vice President will own 24,789 shares of the Company’s stock, valued at $1,519,069.92. The sale is disclosed in his SEC filings, which can be accessed via this hyperlink. In other news, SVP Bert A. Frost sold 15,000 shares of the company in a deal on Wednesday, May 31st. The shares sold at an average price of $60.99 for a total transaction value of $914,850.00. Following the closing of the transaction, the Senior Vice President will own 47,539 shares of the Company’s stock valued at $2,899,403.61. The sale is disclosed in his SEC filings, which can be accessed via this hyperlink. Vice President Douglas C. Bernard also sold 17,000 shares of the company in a transaction on Tuesday, May 30. The shares were sold at an average price of $61.28 for a total transaction value of $1,041,760.00. Following the transaction, the vice president will own 24,789 shares of the company directly, valued at approximately $1,519,069.92. Disclosure information regarding this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

CF Industries inventory 1.7%

CF shares opened at $71.27 on Monday. The company has a debt to equity ratio of 0.37, a current ratio of 4.46 and a quick ratio of 3.97. CF Industries Holdings hit a one-year low of $60.08 and a one-year high of $119.60. The company’s 50-day moving average price is $69.22 and its 200-day moving average price is $79.11. The company has a market cap of $13.89 billion, a 4.76x price/earnings ratio, a 1.49x PEG ratio, and a 1.01x beta.

CF Industries (NYSE: CF – Get Rating) last reported earnings on Monday, May 1. Basic Materials reported earnings of $2.85 per share for the quarter, beating consensus expectations of $2.63 by $0.22. CF Industries had a net profit margin of 29.26% and a return on equity of 42.23%. The company had revenue of $2.01 billion for the quarter, compared with analyst expectations of $1.86 billion. The company posted earnings per share of $4.21 in the year-ago quarter. The company’s revenue for the quarter decreased by 29.8% compared to the same period last year. Research analysts forecast CF Industries Holdings, Inc.’s EPS to be 7.97 this year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid out on Wednesday, May 31. Dividends of $0.40 per share were issued to shareholders of record on Monday, May 15. This equates to an annualized dividend of $1.60 and a dividend yield of 2.24%. The ex-dividend date for this dividend was Friday, May 12. CF Industries has a dividend payout ratio (DPR) of 10.70%.

CF Industries Profile

(get rating)

CF Industries Holdings, Inc manufactures and markets hydrogen and nitrogen products for energy, fertilizer, emissions reduction and other industrial activities worldwide. Its main products include anhydrous ammonia, granular urea, urea ammonium nitrate and ammonium nitrate products. The company also offers diesel exhaust fluids, urea fluids, nitric acid and aqueous ammonia products. Compound fertilizer products containing nitrogen, phosphorus and potassium.

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Quarterly Institutional Ownership of the CF Industry (NYSE:CF)

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