CANADA LIFE ASSURANCE Co decreased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,533 shares of the basic materials company's stock after selling 15,563 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.18% of CF Industries worth $27,001,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in CF Industries by 6.6% during the 4th quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock worth $753,429,000 after acquiring an additional 543,876 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in CF Industries by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company's stock worth $494,202,000 after buying an additional 225,109 shares during the last quarter. Victory Capital Management Inc. lifted its stake in CF Industries by 7.1% in the fourth quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company's stock valued at $382,901,000 after buying an additional 299,173 shares during the last quarter. Boston Partners boosted its holdings in shares of CF Industries by 7.0% in the fourth quarter. Boston Partners now owns 3,316,616 shares of the basic materials company's stock valued at $283,044,000 after acquiring an additional 216,395 shares during the period. Finally, Norges Bank acquired a new position in shares of CF Industries in the 4th quarter valued at $131,350,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.
CF Industries Price Performance
CF stock traded up $0.63 on Friday, reaching $77.93. The company had a trading volume of 615,454 shares, compared to its average volume of 2,092,512. The company's fifty day moving average is $76.24 and its 200 day moving average is $83.65. The company has a market cap of $13.21 billion, a P/E ratio of 11.50, a PEG ratio of 0.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. 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 announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. On average, research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.
CF Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.57%. CF Industries's payout ratio is 29.54%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on CF. The Goldman Sachs Group assumed coverage on shares of CF Industries in a research report on Thursday, March 13th. They set a "neutral" rating and a $86.00 price objective on the stock. Morgan Stanley decreased their price objective on CF Industries from $85.00 to $80.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Barclays dropped their target price on CF Industries from $95.00 to $87.00 and set an "equal weight" rating on the stock in a report on Tuesday. BNP Paribas raised shares of CF Industries to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Piper Sandler lifted their target price on shares of CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $89.29.
View Our Latest Report on CF Industries
CF Industries Company Profile
(
Free Report)
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.
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