Allspring Global Investments Holdings LLC boosted its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 35.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 897,041 shares of the basic materials company's stock after purchasing an additional 236,703 shares during the period. Allspring Global Investments Holdings LLC owned about 0.53% of CF Industries worth $71,395,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 3Chopt Investment Partners LLC purchased a new stake in CF Industries in the first quarter worth $232,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of CF Industries by 7.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 185,240 shares of the basic materials company's stock worth $14,336,000 after purchasing an additional 13,433 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of CF Industries by 28.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 36,653 shares of the basic materials company's stock worth $2,864,000 after purchasing an additional 8,216 shares during the last quarter. Golden State Wealth Management LLC increased its stake in CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock worth $30,000 after buying an additional 206 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in CF Industries by 26.5% during the 1st quarter. Bessemer Group Inc. now owns 4,940 shares of the basic materials company's stock valued at $386,000 after buying an additional 1,035 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.
CF Industries Stock Up 0.5%
Shares of CF traded up $0.43 during trading hours on Tuesday, hitting $92.43. The company had a trading volume of 1,873,137 shares, compared to its average volume of 2,240,788. The company has a current ratio of 2.59, a quick ratio of 2.22 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $15.67 billion, a PE ratio of 12.18 and a beta of 0.96. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $104.45. The company's fifty day moving average price is $89.04 and its two-hundred day moving average price is $84.59.
CF Industries (NYSE:CF - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $1.53 billion. CF Industries had a net margin of 21.80% and a return on equity of 17.39%. The firm's revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. As a group, equities analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.
CF Industries Announces Dividend
The company also recently disclosed 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 annualized dividend and a dividend yield of 2.16%. CF Industries's dividend payout ratio (DPR) is presently 26.35%.
CF Industries announced that its Board of Directors has approved a stock repurchase 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 buy up to 14.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
Analyst Upgrades and Downgrades
CF has been the topic of a number of research analyst reports. BNP Paribas upgraded shares of CF Industries to a "strong-buy" rating in a research note on Wednesday, April 9th. Scotiabank raised CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price objective on the stock in a research note on Wednesday, April 9th. Oppenheimer downgraded CF Industries from an "outperform" rating to a "market perform" rating in a report on Tuesday, April 22nd. Barclays upped 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. Finally, Wells Fargo & Company set a $105.00 price target on CF Industries and gave the company an "overweight" rating in a research note on Wednesday, June 25th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $91.79.
Get Our Latest Analysis on CF
Insider Buying and Selling
In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $100.23, for a total value of $1,002,300.00. Following the completion of the sale, the executive vice president directly owned 87,923 shares in the company, valued at $8,812,522.29. This trade represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is owned by insiders.
About CF Industries
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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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