Focus Partners Wealth Makes New Investment in CF Industries Holdings, Inc. (NYSE:CF)

Focus Partners Wealth bought a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,920 shares of the basic materials company's stock, valued at approximately $249,000.

Several other hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in CF Industries during the fourth quarter worth about $131,350,000. Ameriprise Financial Inc. boosted its stake in shares of CF Industries by 29.4% in the 4th quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company's stock worth $239,299,000 after buying an additional 637,784 shares during the last quarter. FMR LLC boosted its stake in shares of CF Industries by 6.6% in the 4th quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock worth $753,429,000 after buying an additional 543,876 shares during the last quarter. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new position in shares of CF Industries in the fourth quarter valued at approximately $37,247,000. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of CF Industries by 459.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 435,352 shares of the basic materials company's stock valued at $36,583,000 after acquiring an additional 357,531 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Wall Street Analysts Forecast Growth

CF has been the topic of several research analyst reports. BNP Paribas raised CF Industries to a "strong-buy" rating in a research report on Wednesday, April 9th. Wells Fargo & Company boosted their price target on shares of CF Industries from $96.00 to $98.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. UBS Group increased their price target on shares of CF Industries from $79.00 to $82.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Barclays lifted their price objective on shares of CF Industries from $87.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Scotiabank upgraded shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price target for the company in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CF Industries currently has an average rating of "Hold" and an average price target of $90.21.

CF Industries Price Performance

Shares of CF traded down $0.26 during midday trading on Wednesday, hitting $91.28. 157,231 shares of the company traded hands, compared to its average volume of 2,131,725. The stock has a 50-day moving average of $79.07 and a 200-day moving average of $83.59. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $98.25. The firm has a market cap of $15.47 billion, a P/E ratio of 13.49, a PEG ratio of 0.37 and a beta of 0.94.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.38. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. CF Industries's revenue was up 13.1% on a year-over-year basis. As a group, sell-side analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors 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 yield of 2.19%. The ex-dividend date is Thursday, May 15th. CF Industries's dividend payout ratio is 26.35%.

CF Industries announced that its board has authorized a stock 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 reacquire up to 14.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

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.