Brooklyn FI LLC Makes New Investment in CF Industries Holdings, Inc. (NYSE:CF)

Brooklyn FI LLC bought a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,056 shares of the basic materials company's stock, valued at approximately $437,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of CF Industries during the 4th quarter worth about $131,350,000. Ameriprise Financial Inc. raised its position in 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 valued at $239,299,000 after purchasing an additional 637,784 shares during the last quarter. FMR LLC raised its stake in shares of CF Industries by 6.6% in the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock worth $753,429,000 after acquiring an additional 543,876 shares during the last quarter. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new stake in CF Industries during the 4th quarter worth 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 worth $36,583,000 after acquiring an additional 357,531 shares in the last quarter. Institutional investors own 93.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CF. Barclays increased their target price on CF Industries from $87.00 to $91.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Oppenheimer downgraded CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. Scotiabank upgraded shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price objective on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group initiated coverage on shares of CF Industries in a report on Thursday, March 13th. They set a "neutral" rating and a $86.00 target price for the company. Finally, Royal Bank of Canada lowered their price target on shares of 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. One research 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 company. According to data from MarketBeat.com, CF Industries currently has a consensus rating of "Hold" and an average price target of $90.21.

CF Industries Stock Performance

Shares of NYSE CF traded down $1.42 during midday trading on Thursday, hitting $90.11. 1,853,602 shares of the company's stock were exchanged, compared to its average volume of 2,137,418. The company's 50 day moving average price is $79.37 and its 200 day moving average price is $83.64. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $98.25. The firm has a market capitalization of $15.28 billion, a PE ratio of 13.31, 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 (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 analysts' consensus estimates 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 company posted $1.03 EPS. The company's revenue was up 13.1% compared to the same quarter last year. As a group, analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued 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 2.22%. CF Industries's dividend payout ratio (DPR) is presently 26.35%.

CF Industries declared that its board has initiated a stock buyback plan on Wednesday, May 7th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the basic materials company to reacquire up to 14.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

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.