LSV Asset Management Has $34.99 Million Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Key Points

• LSV Asset Management reduced its stake in CF Industries by 3.4%, now owning 447,745 shares valued at approximately $34.99 million.
• CF Industries recently declared a quarterly dividend of $0.50 per share, which translates to an annualized yield of 2.1%.
• The company has initiated a $2 billion stock buyback program, indicating confidence in its current stock valuation.

LSV Asset Management decreased its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 447,745 shares of the basic materials company's stock after selling 15,698 shares during the quarter. LSV Asset Management owned 0.26% of CF Industries worth $34,991,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CF. Curat Global LLC purchased a new stake in CF Industries during the first quarter valued at approximately $25,000. Golden State Wealth Management LLC raised its stake in shares of CF Industries by 119.8% in the first quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 206 shares during the period. TCTC Holdings LLC lifted its holdings in shares of CF Industries by 114.1% in the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock worth $30,000 after acquiring an additional 202 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of CF Industries during the 4th quarter worth about $34,000. Finally, Grove Bank & Trust grew its holdings in CF Industries by 118.5% during the 1st quarter. Grove Bank & Trust now owns 542 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 294 shares during the last quarter. Institutional investors own 93.06% of the company's stock.

Analysts Set New Price Targets

CF has been the subject of several research analyst reports. Royal Bank Of Canada set a $100.00 target price on CF Industries and gave the stock a "sector perform" rating in a research report on Monday, July 14th. Wolfe Research downgraded shares of CF Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, June 12th. UBS Group dropped their price objective on CF Industries from $103.00 to $101.00 and set a "neutral" rating on the stock in a research note on Thursday. Barclays lifted their target price on CF Industries from $91.00 to $95.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Finally, Scotiabank upgraded CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price target on the stock in a research note on Wednesday, April 9th. Twelve analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $95.57.

Insider Buying and Selling at CF Industries

In other news, EVP Susan L. Menzel sold 10,000 shares of CF Industries stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 87,923 shares in the company, valued at approximately $8,812,522.29. This trade represents a 10.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

CF Industries Price Performance

CF traded down $6.87 during trading on Thursday, reaching $83.03. 6,249,539 shares of the stock were exchanged, compared to its average volume of 2,735,254. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $104.45. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 10.94 and a beta of 0.94. The business's 50 day moving average price is $94.22 and its two-hundred day moving average price is $85.65. 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 (NYSE:CF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.02. CF Industries had a return on equity of 17.39% and a net margin of 21.80%. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter last year, the business posted $2.30 EPS. The firm's quarterly revenue was up 20.2% compared to the same quarter last year. As a group, equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, August 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. CF Industries's dividend payout ratio (DPR) is currently 26.11%.

CF Industries announced that its board has authorized a stock repurchase program on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to reacquire up to 14.7% of its shares through open market purchases. Shares repurchase programs are usually a sign 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.