CF Industries Holdings, Inc. (NYSE:CF) Holdings Lifted by Axa S.A.

AXA S.A. increased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 145.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,618 shares of the basic materials company's stock after purchasing an additional 38,296 shares during the quarter. AXA S.A.'s holdings in CF Industries were worth $5,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CF. Norges Bank acquired a new position in CF Industries in the 4th quarter valued at about $131,350,000. FMR LLC grew its stake in shares of CF Industries by 6.6% in the 4th quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock valued at $753,429,000 after purchasing an additional 543,876 shares during the last quarter. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new position in shares of CF Industries in the fourth quarter valued at approximately $37,247,000. Skandinaviska Enskilda Banken AB publ raised its stake in shares of CF Industries by 459.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 435,352 shares of the basic materials company's stock worth $36,583,000 after purchasing an additional 357,531 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of CF Industries by 68.9% in the 3rd quarter. Barclays PLC now owns 737,352 shares of the basic materials company's stock worth $63,263,000 after acquiring an additional 300,873 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on CF. JPMorgan Chase & Co. cut shares of 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. Scotiabank raised shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 target price for the company in a report on Wednesday, April 9th. Piper Sandler boosted their price target on CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. UBS Group upped their price target on CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Royal Bank of Canada reduced their price objective on CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $89.50.

CF Industries Trading Up 1.9%

NYSE:CF traded up $1.56 during mid-day trading on Monday, reaching $83.97. The company's stock had a trading volume of 703,405 shares, compared to its average volume of 2,112,535. The stock has a market cap of $14.24 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.37 and a beta of 0.94. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $98.25. 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 company's fifty day simple moving average is $76.46 and its two-hundred day simple moving average is $83.22.

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

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.38%. CF Industries's dividend payout ratio (DPR) is 26.35%.

CF Industries declared that its Board of Directors has approved a stock repurchase program on Wednesday, May 7th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the basic materials company to buy up to 14.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

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.