Adage Capital Partners GP L.L.C. Boosts Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Adage Capital Partners GP L.L.C. boosted its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 21.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,622 shares of the basic materials company's stock after acquiring an additional 42,600 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.14% of CF Industries worth $20,701,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CF. Barclays PLC increased its holdings in 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. Pine Valley Investments Ltd Liability Co grew its holdings in CF Industries by 8.7% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 28,364 shares of the basic materials company's stock worth $2,434,000 after acquiring an additional 2,270 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of CF Industries during the third quarter worth $993,000. Tidal Investments LLC raised its position in shares of CF Industries by 94.7% during the 3rd quarter. Tidal Investments LLC now owns 40,616 shares of the basic materials company's stock worth $3,485,000 after acquiring an additional 19,760 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in CF Industries by 13.4% during the third quarter. Franklin Resources Inc. now owns 245,742 shares of the basic materials company's stock worth $21,380,000 after purchasing an additional 29,101 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on CF. Morgan Stanley cut their price objective on shares of CF Industries from $85.00 to $80.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Oppenheimer lowered shares of CF Industries from an "outperform" rating to a "market perform" rating in a research note on Tuesday, April 22nd. Scotiabank upgraded shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price objective for the company in a research note on Wednesday, April 9th. Piper Sandler lifted their target price on CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Finally, Bank of America raised CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 target price for the company in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, ten have issued 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 company has an average rating of "Hold" and an average price target of $89.29.

CF Industries Price Performance

NYSE:CF traded up $1.24 during trading hours on Thursday, hitting $79.61. The company's stock had a trading volume of 2,970,836 shares, compared to its average volume of 2,667,940. The company has a market capitalization of $13.50 billion, a PE ratio of 11.76, a PEG ratio of 0.37 and a beta of 0.84. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $98.25. The business's 50-day moving average is $76.06 and its two-hundred day moving average is $83.42. 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 (NYSE:CF - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders 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 dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, May 15th. CF Industries's dividend payout ratio (DPR) is presently 29.54%.

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.