Cresset Asset Management LLC Sells 14,891 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Cresset Asset Management LLC reduced its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 81.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,361 shares of the basic materials company's stock after selling 14,891 shares during the quarter. Cresset Asset Management LLC's holdings in CF Industries were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CF. Mizuho Bank Ltd. acquired a new position in shares of CF Industries during the 4th quarter worth about $26,000. Heck Capital Advisors LLC acquired a new position in shares of CF Industries during the 4th quarter worth about $34,000. Creative Financial Designs Inc. ADV grew its position in shares of 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 worth $41,000 after buying an additional 161 shares during the period. Asset Planning Inc acquired a new position in shares of CF Industries during the 4th quarter worth about $44,000. Finally, Arlington Trust Co LLC grew its position in shares of CF Industries by 422.0% in the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 460 shares during the period. 93.06% of the stock is owned by institutional investors.

CF Industries Stock Up 0.4%

Shares of NYSE CF traded up $0.32 during trading hours on Tuesday, hitting $87.91. The company had a trading volume of 2,343,171 shares, compared to its average volume of 2,135,883. The stock has a market capitalization of $14.90 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $98.25. The firm's 50 day moving average is $77.60 and its 200-day moving average is $83.39.

CF Industries (NYSE:CF - Get Free Report) last released 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. 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 in the prior year, the firm posted $1.03 EPS. The firm's revenue for the quarter was up 13.1% compared to the same quarter last year. On average, analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries announced that its board has authorized a share repurchase plan on Wednesday, May 7th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to buy up to 14.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, May 15th. CF Industries's dividend payout ratio (DPR) is presently 26.35%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CF shares. Piper Sandler boosted their price objective on CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Bank of America upgraded CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price objective for the company in a research report on Monday, February 24th. The Goldman Sachs Group started coverage on CF Industries in a research report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 price objective for the company. JPMorgan Chase & Co. lowered CF Industries from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $82.00 to $75.00 in a research report on Friday, January 24th. Finally, Royal Bank of Canada decreased their price objective on CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. 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 issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $90.21.

CF Industries 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.