Algert Global LLC Buys Shares of 14,300 CF Industries Holdings, Inc. (NYSE:CF)

Algert Global LLC acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,300 shares of the basic materials company's stock, valued at approximately $1,220,000.

A number of other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in shares of CF Industries by 29.4% during the 4th quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company's stock worth $239,299,000 after purchasing an additional 637,784 shares during the last quarter. AXA S.A. lifted its position in shares of CF Industries by 145.5% in the fourth quarter. AXA S.A. now owns 64,618 shares of the basic materials company's stock worth $5,513,000 after buying an additional 38,296 shares during the last quarter. Meiji Yasuda Life Insurance Co acquired a new stake in shares of CF Industries in the fourth quarter worth about $328,000. DoubleLine ETF Adviser LP bought a new stake in shares of CF Industries during the 4th quarter worth about $1,702,000. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of CF Industries by 24.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 15,942 shares of the basic materials company's stock valued at $1,360,000 after acquiring an additional 3,122 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Analyst Upgrades and Downgrades

CF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut CF Industries from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Morgan Stanley lowered their target price on shares of CF Industries from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. UBS Group boosted their target price on shares of CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday. Piper Sandler raised their price target on CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Finally, Scotiabank upgraded CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 target price for the company in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $89.50.

CF Industries Stock Up 1.4 %

CF opened at $82.45 on Friday. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $98.25. The company has a market capitalization of $13.98 billion, a P/E ratio of 12.18, a P/E/G ratio of 0.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The firm's fifty day moving average price is $76.46 and its two-hundred day moving average price is $83.23.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.38. The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.53 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The firm's revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, May 15th. CF Industries's dividend payout ratio (DPR) is 29.54%.

CF Industries announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 7th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 14.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

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.

Want to see what other hedge funds are holding CF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CF Industries Holdings, Inc. (NYSE:CF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.