CF Industries Holdings, Inc. (NYSE:CF) Position Increased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP grew its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 500.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,039 shares of the basic materials company's stock after purchasing an additional 16,703 shares during the period. Brevan Howard Capital Management LP's holdings in CF Industries were worth $1,710,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Checchi Capital Advisers LLC grew its holdings in CF Industries by 4.3% during 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 position in shares of CF Industries by 2.1% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company's stock worth $495,000 after acquiring an additional 120 shares during the last quarter. Brooklyn Investment Group increased its holdings in CF Industries by 26.9% in the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 122 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings 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 purchasing an additional 126 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in 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 valued at $257,000 after buying an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

CF Industries Trading Up 1.6%

CF traded up $1.30 during midday trading on Monday, hitting $83.71. The company's stock had a trading volume of 1,017,869 shares, compared to its average volume of 2,113,609. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $98.25. The firm has a 50-day moving average price of $76.46 and a two-hundred day moving average price of $83.22. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The firm has a market cap of $14.19 billion, a P/E ratio of 12.37, a PEG ratio of 0.37 and a beta of 0.94.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.66 billion during 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 business's quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 EPS. On average, research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.39%. CF Industries's dividend payout ratio (DPR) is 26.35%.

CF Industries announced that its Board of Directors has approved a stock repurchase 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 reacquire up to 14.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays reduced their price objective on CF Industries from $95.00 to $87.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. BNP Paribas upgraded CF Industries to a "strong-buy" rating in a research note on Wednesday, April 9th. Morgan Stanley cut their price target 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. Scotiabank upgraded shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price objective on the stock in a research note on Wednesday, April 9th. Finally, Piper Sandler increased their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. 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. Based on data from MarketBeat.com, CF Industries has an average rating of "Hold" and a consensus price target of $89.50.

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.