Ameriprise Financial Inc. Purchases 637,784 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Ameriprise Financial Inc. lifted its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 29.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,804,718 shares of the basic materials company's stock after acquiring an additional 637,784 shares during the period. Ameriprise Financial Inc. owned 1.61% of CF Industries worth $239,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC grew its holdings in shares of CF Industries by 4.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company's stock valued at $221,000 after purchasing an additional 108 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in CF Industries by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company's stock valued at $495,000 after acquiring an additional 120 shares during the period. Brooklyn Investment Group grew its holdings in shares of CF Industries by 26.9% in the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 122 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of CF Industries by 1.8% in the fourth 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, Coldstream Capital Management Inc. increased its stake in shares of CF Industries by 4.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company's stock worth $257,000 after buying an additional 126 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CF has been the subject of a number of research reports. JPMorgan Chase & Co. cut CF Industries from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $82.00 to $75.00 in a research note on Friday, January 24th. BNP Paribas upgraded shares of CF Industries to a "strong-buy" rating in a report on Wednesday, April 9th. Oppenheimer downgraded CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. Piper Sandler increased their price target on shares of CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Finally, Bank of America raised shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 target price for the company in a research note on Monday, February 24th. One research 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 company. Based on data from MarketBeat, CF Industries currently has an average rating of "Hold" and an average target price of $89.50.

CF Industries Trading Up 1.4 %

Shares of CF Industries stock traded up $1.13 during trading on Friday, hitting $82.45. 2,523,318 shares of the company were exchanged, compared to its average volume of 2,114,398. The firm has a market capitalization of $13.98 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94. The firm's fifty day moving average price is $76.46 and its 200 day moving average price is $83.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $98.25.

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

CF Industries Dividend Announcement

The company 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, May 15th. CF Industries's dividend payout ratio (DPR) is currently 29.54%.

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

About CF Industries

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.