CF Industries Holdings, Inc. (NYSE:CF) Shares Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. grew its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 214.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,600 shares of the basic materials company's stock after purchasing an additional 50,200 shares during the period. Polar Asset Management Partners Inc.'s holdings in CF Industries were worth $6,280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Checchi Capital Advisers LLC boosted its stake in shares of CF Industries by 4.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company's stock worth $221,000 after acquiring an additional 108 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of CF Industries by 2.1% during the 4th 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 in the last quarter. Brooklyn Investment Group boosted its stake in shares of CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock worth $49,000 after acquiring an additional 122 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of CF Industries by 1.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company's stock worth $602,000 after acquiring an additional 126 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in shares of CF Industries by 4.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company's stock worth $257,000 after acquiring an additional 126 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CF. The Goldman Sachs Group began coverage on CF Industries in a research note on Thursday, March 13th. They issued a "neutral" rating and a $86.00 target price on the stock. BNP Paribas raised CF Industries to a "strong-buy" rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. lowered CF Industries from a "neutral" rating to an "underweight" rating and reduced their target price for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Royal Bank of Canada reduced their target price on CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 25th. Finally, Piper Sandler increased their price target on 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 issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CF Industries has a consensus rating of "Hold" and a consensus price target of $90.21.

CF Industries Stock Up 1.5%

NYSE CF traded up $1.34 during trading hours on Wednesday, hitting $89.26. The company had a trading volume of 735,056 shares, compared to its average volume of 2,131,146. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $98.25. The company has a market capitalization of $15.13 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 0.37 and a beta of 0.94. 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's 50 day moving average is $77.82 and its 200 day moving average is $83.43.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results 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. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm earned $1.03 EPS. The firm's quarterly revenue was up 13.1% compared to the same quarter last year. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 14.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

CF Industries Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 2.24%. CF Industries's dividend payout ratio is currently 26.35%.

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.