91,997 Shares in CF Industries Holdings, Inc. (NYSE:CF) Bought by Centre Asset Management LLC

Centre Asset Management LLC purchased a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 91,997 shares of the basic materials company's stock, valued at approximately $7,190,000. Centre Asset Management LLC owned about 0.05% of CF Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CF. Checchi Capital Advisers LLC lifted its holdings in shares of CF Industries by 4.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company's stock valued at $221,000 after buying an additional 108 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in CF Industries by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company's stock valued at $495,000 after buying an additional 120 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in CF Industries by 1.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company's stock valued at $602,000 after buying an additional 126 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in CF Industries by 4.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company's stock valued at $257,000 after acquiring an additional 126 shares during the last quarter. Finally, Transcend Capital Advisors LLC raised its holdings in CF Industries by 4.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 3,312 shares of the basic materials company's stock valued at $283,000 after acquiring an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

CF Industries Trading Up 1.8%

CF Industries stock traded up $1.60 during trading on Monday, hitting $92.31. The company had a trading volume of 845,097 shares, compared to its average volume of 2,126,954. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $98.25. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The company's 50 day simple moving average is $79.95 and its 200-day simple moving average is $83.70. The stock has a market cap of $15.65 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94.

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

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.17%. CF Industries's payout ratio is currently 26.35%.

CF Industries declared that its Board of Directors has approved a share repurchase program on Wednesday, May 7th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the basic materials company to buy up to 14.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have commented on CF. Barclays increased their price objective on shares of CF Industries from $87.00 to $91.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. The Goldman Sachs Group began coverage on shares of CF Industries in a report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 price objective for the company. UBS Group increased their price objective on shares of CF Industries from $79.00 to $82.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. 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 report on Wednesday, April 9th. Finally, BNP Paribas upgraded shares of CF Industries to a "strong-buy" rating in a report on Wednesday, April 9th. 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, CF Industries has a consensus rating of "Hold" and an average target price 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.