DoubleLine ETF Adviser LP Invests $1.70 Million in CF Industries Holdings, Inc. (NYSE:CF)

DoubleLine ETF Adviser LP acquired a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,948 shares of the basic materials company's stock, valued at approximately $1,702,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mizuho Bank Ltd. bought a new stake in CF Industries in the fourth quarter valued at about $26,000. Heck Capital Advisors LLC acquired a new stake in CF Industries during the fourth quarter worth about $34,000. Creative Financial Designs Inc. ADV raised 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 purchasing an additional 161 shares during the period. Asset Planning Inc bought a new position in CF Industries during the 4th quarter worth $44,000. Finally, Brooklyn Investment Group lifted its stake in CF Industries by 26.9% in the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock valued at $49,000 after buying an additional 122 shares during the last quarter. Institutional investors own 93.06% of the company's stock.

CF Industries Stock Down 0.8 %

Shares of NYSE:CF traded down $0.63 during trading on Wednesday, reaching $81.36. 1,311,216 shares of the company traded hands, compared to its average volume of 2,097,388. 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 has a fifty day simple moving average of $76.26 and a 200 day simple moving average of $83.28. The firm has a market cap of $13.79 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94.

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 for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. Analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.46%. CF Industries's dividend payout ratio (DPR) is 29.54%.

Analysts Set New Price Targets

CF has been the subject of a number of recent analyst reports. Piper Sandler increased their price objective on CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Bank of America raised shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price objective for the company in a report on Monday, February 24th. BNP Paribas upgraded shares of CF Industries to a "strong-buy" rating in a research report on Wednesday, April 9th. Barclays decreased their price objective on shares of CF Industries from $95.00 to $87.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group cut their price target on shares of CF Industries from $90.00 to $79.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. 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 stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $89.29.

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.