Vivid Wealth Management LLC Invests $439,000 in CF Industries Holdings, Inc. (NYSE:CF)

Vivid Wealth Management LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,518 shares of the basic materials company’s stock, valued at approximately $439,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new stake in shares of CF Industries during the 4th quarter worth $205,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CF Industries in the fourth quarter valued at $29,000. International Assets Investment Management LLC acquired a new stake in CF Industries in the fourth quarter valued at $9,480,000. Bleakley Financial Group LLC lifted its holdings in CF Industries by 8.6% during the 4th quarter. Bleakley Financial Group LLC now owns 2,948 shares of the basic materials company’s stock worth $234,000 after buying an additional 234 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of CF Industries in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

NYSE CF traded up $1.33 during trading hours on Tuesday, reaching $81.12. The company’s stock had a trading volume of 2,607,468 shares, compared to its average volume of 2,507,778. The stock has a market cap of $15.23 billion, a PE ratio of 10.34, a PEG ratio of 2.45 and a beta of 1.03. CF Industries Holdings, Inc. has a 52 week low of $60.08 and a 52 week high of $87.90. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $80.94 and a 200 day simple moving average of $80.02.

CF Industries (NYSE:CF) last announced its earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $4.35 EPS. The business’s quarterly revenue was down 39.8% on a year-over-year basis. Equities research analysts predict that CF Industries Holdings, Inc. will post 5.79 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.47%. This is a boost from CF Industries’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, February 14th. CF Industries’s dividend payout ratio (DPR) is presently 25.51%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CF. Piper Sandler cut CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $87.00 to $82.00 in a research note on Thursday, February 29th. Wolfe Research initiated coverage on shares of CF Industries in a research report on Friday, March 1st. They set an “outperform” rating and a $99.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 target price on shares of CF Industries in a report on Friday, February 16th. Barclays upgraded shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price target on the stock in a research note on Friday, January 12th. Finally, UBS Group cut shares of CF Industries from a “buy” rating to a “neutral” rating and reduced their price target for the company from $95.00 to $83.00 in a research report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, CF Industries currently has an average rating of “Hold” and a consensus price target of $90.19.

Insider Activity

In other news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the sale, the executive vice president now owns 64,030 shares in the company, valued at $5,442,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by company insiders.

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.