CF Industries Holdings, Inc. (NYSE:CF) Position Lessened by Eminence Capital LP

Eminence Capital LP trimmed its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,305,093 shares of the basic materials company's stock after selling 153,040 shares during the period. CF Industries accounts for about 3.0% of Eminence Capital LP's holdings, making the stock its 8th largest holding. Eminence Capital LP owned about 1.32% of CF Industries worth $196,671,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Mizuho Bank Ltd. purchased a new stake in shares of CF Industries in the 4th quarter valued at about $26,000. Heck Capital Advisors LLC purchased a new stake in CF Industries during the 4th quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV raised its stake in CF Industries by 50.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 161 shares during the last quarter. Asset Planning Inc purchased a new stake in CF Industries during the 4th quarter valued at approximately $44,000. Finally, Brooklyn Investment Group raised its stake in CF Industries by 26.9% during 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. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Price Performance

CF Industries stock traded up $1.52 during mid-day trading on Monday, hitting $83.93. 1,241,413 shares of the company were exchanged, compared to its average volume of 2,114,613. 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 business's 50 day simple moving average is $76.46 and its two-hundred day simple moving average is $83.22. The company has a market capitalization of $14.23 billion, a P/E ratio of 12.39, a PEG ratio of 0.37 and a beta of 0.94. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $98.25.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.38. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business posted $1.03 earnings per share. CF Industries's revenue was up 13.1% compared to the same quarter last year. Analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries declared that its board has approved a stock repurchase plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to repurchase up to 14.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 15th. CF Industries's payout ratio is currently 26.35%.

Analyst Ratings Changes

CF has been the subject of several analyst reports. 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 research note on Tuesday, February 25th. Barclays reduced their price objective on CF Industries from $95.00 to $87.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler increased their target price 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 increased their target price on CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Morgan Stanley cut their target price on CF Industries from $85.00 to $80.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CF Industries has a consensus rating of "Hold" and an average target price of $89.50.

About CF Industries

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.