Atria Wealth Solutions Inc. has decreased its holdings in CF Industries Holdings, Inc. by **30.6%** during the second quarter of 2023. Following this reduction, Atria now owns **2,360 shares** of the basic materials company, having sold **1,040 shares** throughout the quarter. As reported in their latest filing with the **Securities and Exchange Commission**, the value of Atria’s investment in CF Industries is approximately **$218,000**.
Other institutional investors have also made adjustments to their positions in CF Industries. For instance, **Nations Financial Group Inc. IA ADV** increased its stake by **1.3%** in the first quarter, now holding **8,727 shares** valued at **$682,000** after acquiring an additional **116 shares**. Similarly, **Rowlandmiller & PARTNERS.ADV** raised its stake by **4.1%** during the same period, bringing its total to **3,325 shares** valued at **$306,000** after buying **130 shares**.
In the second quarter, **Farther Finance Advisors LLC** grew its stake by **7.7%**, now owning **1,838 shares** worth **$169,000**. **Oppenheimer Asset Management Inc.** also increased its position by **2.0%** in the first quarter, holding **7,192 shares** valued at **$562,000** after purchasing another **142 shares**. **Alps Advisors Inc.** boosted its stake by **3.5%**, which now totals **4,624 shares** worth **$361,000** following an acquisition of **158 shares**. Currently, institutional investors and hedge funds collectively own **93.06%** of CF Industries’ stock.
Stock Performance and Dividend Announcement
As of Thursday, the stock price of CF Industries opened at **$86.01**. The company’s performance metrics indicate a **fifty-day simple moving average** of **$86.66** and a **200-day simple moving average** of **$87.27**. The stock has experienced a **12-month low** of **$67.34** and a **12-month high** of **$104.45**. CF Industries also reported a **current ratio** of **3.22**, a **quick ratio** of **2.84**, and a **debt-to-equity ratio** of **0.38**. The firm boasts a market capitalization of approximately **$13.93 billion**, a **P/E ratio** of **11.23**, and a beta of **0.93**.
In addition, CF Industries has declared a quarterly dividend of **$0.50** per share, scheduled for payment on **November 28, 2023**. Shareholders on record as of **November 14, 2023**, will be eligible for this dividend. The ex-dividend date is also set for **November 14**, representing an annualized dividend of **$2.00** and a yield of **2.3%**. The company’s dividend payout ratio currently stands at **26.11%**.
Analyst Ratings and Market Outlook
Recent commentary from equity research analysts has influenced market perceptions of CF Industries. **UBS Group** downgraded their target price from **$101.00** to **$96.00** and assigned a “neutral” rating on **October 6, 2023**. **Zacks Research** lowered their rating from “strong-buy” to “hold” on **September 3, 2023**. Similarly, **BNP Paribas** also revised their rating from “strong-buy” to “hold” on **August 21, 2023**.
On a more positive note, **JPMorgan Chase & Co.** upgraded CF Industries from an “underweight” rating to “neutral,” increasing their target price from **$75.00** to **$92.00** on **July 29, 2023**. Meanwhile, **Bank of America** lifted their target price from **$82.00** to **$83.00** while maintaining an “underperform” rating as of **October 14, 2023**.
Currently, three analysts have issued “Buy” ratings for CF Industries, while thirteen have assigned a “Hold” rating and one has designated a “Sell” rating. According to data from **MarketBeat**, the stock holds a consensus rating of “Hold” with an average target price set at **$96.92**.
CF Industries Holdings, Inc. operates in the manufacturing and sale of hydrogen and nitrogen products across various sectors, including energy, fertilizer, and emissions abatement. The company serves markets throughout **North America**, **Europe**, and beyond, functioning through multiple segments, including Ammonia, Granular Urea, UAN, AN, and others.
