Bridgeway Capital Management LLC Lowers Stake in CF Industries Holdings, Inc. (NYSE:CF)

Bridgeway Capital Management LLC trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,400 shares of the basic materials company's stock after selling 10,500 shares during the quarter. Bridgeway Capital Management LLC's holdings in CF Industries were worth $2,850,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of CF Industries by 68.9% during the 3rd quarter. Barclays PLC now owns 737,352 shares of the basic materials company's stock worth $63,263,000 after purchasing an additional 300,873 shares during the period. Franklin Resources Inc. raised its stake in CF Industries by 13.4% during the 3rd quarter. Franklin Resources Inc. now owns 245,742 shares of the basic materials company's stock worth $21,380,000 after acquiring an additional 29,101 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in CF Industries during the 4th quarter worth $216,000. CWA Asset Management Group LLC purchased a new position in CF Industries during the 4th quarter worth $657,000. Finally, Douglas Lane & Associates LLC grew its position in CF Industries by 3.2% during the 4th quarter. Douglas Lane & Associates LLC now owns 123,186 shares of the basic materials company's stock worth $10,510,000 after purchasing an additional 3,775 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Trading Up 3.9%

Shares of CF traded up $3.32 during trading hours on Tuesday, hitting $87.71. 3,582,814 shares of the stock were exchanged, compared to its average volume of 2,714,836. 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 has a market capitalization of $14.87 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94. The business has a 50-day moving average of $76.62 and a 200-day moving average of $83.23. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $98.25.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 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%. CF Industries's revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. On average, research analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries announced that its board has initiated a stock buyback 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 purchase up to 14.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

CF Industries Announces Dividend

The business also recently announced 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. This represents a $2.00 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, May 15th. CF Industries's dividend payout ratio is currently 26.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CF shares. Piper Sandler lifted their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Royal Bank of Canada lowered 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. The Goldman Sachs Group began coverage on CF Industries in a report on Thursday, March 13th. They set a "neutral" rating and a $86.00 target price for the company. UBS Group upped their target price on CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, BNP Paribas upgraded CF Industries to a "strong-buy" rating in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $89.93.

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.