Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 7.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 185,240 shares of the basic materials company's stock after purchasing an additional 13,433 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.11% of CF Industries worth $14,336,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. FMR LLC increased its stake in CF Industries by 6.6% in the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock valued at $753,429,000 after purchasing an additional 543,876 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in CF Industries by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company's stock valued at $494,202,000 after buying an additional 225,109 shares during the period. Victory Capital Management Inc. increased its stake in shares of CF Industries by 7.1% during the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company's stock valued at $382,901,000 after acquiring an additional 299,173 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of CF Industries by 3.5% during the 4th quarter. First Trust Advisors LP now owns 4,425,518 shares of the basic materials company's stock worth $377,585,000 after acquiring an additional 150,461 shares during the period. Finally, Boston Partners lifted its holdings in shares of CF Industries by 7.0% during the 4th quarter. Boston Partners now owns 3,316,616 shares of the basic materials company's stock worth $283,044,000 after acquiring an additional 216,395 shares during the period. Hedge funds and other institutional investors own 93.06% of the company's stock.
Insider Buying and Selling at CF Industries
In related news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $100.23, for a total value of $1,002,300.00. Following the transaction, the executive vice president owned 87,923 shares in the company, valued at approximately $8,812,522.29. The trade was a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.71% of the stock is owned by corporate insiders.
CF Industries Stock Up 1.0%
CF Industries stock traded up $0.94 during midday trading on Monday, hitting $91.93. 3,061,892 shares of the company were exchanged, compared to its average volume of 2,238,521. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.59 and a quick ratio of 2.22. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The company's fifty day moving average price is $88.36 and its 200-day moving average price is $84.52. The company has a market cap of $15.59 billion, a PE ratio of 12.11 and a beta of 0.97.
CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.38. The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.53 billion. CF Industries had a net margin of 21.80% and a return on equity of 17.39%. The business's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. On average, research analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.
CF Industries announced that its board has authorized a share repurchase program on Wednesday, May 7th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the basic materials company to buy up to 14.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.
CF Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.18%. CF Industries's payout ratio is currently 26.35%.
Analyst Ratings Changes
CF has been the subject of several research analyst reports. Oppenheimer lowered shares of CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. Wolfe Research downgraded CF Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, June 12th. UBS Group lifted their target price on CF Industries from $79.00 to $82.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley set a $95.00 price target on CF Industries and gave the company an "equal weight" rating in a research report on Thursday. Finally, Scotiabank upgraded 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, CF Industries has a consensus rating of "Hold" and an average price target of $91.79.
Check Out Our Latest Research Report on CF Industries
About CF Industries
(
Free Report)
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.
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