Wealthedge Investment Advisors LLC Takes $296,000 Position in CF Industries Holdings, Inc. (NYSE:CF)

Wealthedge Investment Advisors LLC bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 3,474 shares of the basic materials company's stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Siemens Fonds Invest GmbH bought a new position in shares of CF Industries in the fourth quarter worth approximately $397,000. Total Wealth Planning & Management Inc. bought a new position in CF Industries in the fourth quarter worth $417,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in CF Industries in the fourth quarter worth $15,832,000. Brooklyn FI LLC bought a new position in CF Industries in the fourth quarter worth $437,000. Finally, Talaria Asset Management Pty Ltd bought a new position in shares of CF Industries during the fourth quarter valued at $28,156,000. 93.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CF shares. Bank of America upgraded CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price target for the company in a report on Monday, February 24th. The Goldman Sachs Group initiated coverage on CF Industries in a research report on Thursday, March 13th. They set a "neutral" rating and a $86.00 price objective on the stock. Royal Bank of Canada dropped their target price on CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. BNP Paribas raised CF Industries to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, UBS Group raised their target price on CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CF Industries currently has an average rating of "Hold" and a consensus target price of $90.21.

CF Industries Price Performance

CF traded up $0.58 on Friday, hitting $90.69. 3,356,025 shares of the company's stock traded hands, compared to its average volume of 2,145,955. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $98.25. The company's 50 day simple moving average is $79.95 and its 200-day simple moving average is $83.72. The firm has a market cap of $15.38 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 0.37 and a beta of 0.94.

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

CF Industries declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 7th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to purchase up to 14.7% of its shares through open market purchases. Shares buyback plans are often 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. Shareholders of record on Thursday, May 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Thursday, May 15th. CF Industries's dividend payout ratio is 26.35%.

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.