Contravisory Investment Management Inc. Acquires Shares of 5,593 CF Industries Holdings, Inc. (NYSE:CF)

Contravisory Investment Management Inc. bought a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 5,593 shares of the basic materials company's stock, valued at approximately $437,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CF. Korea Investment CORP lifted its stake in CF Industries by 88.5% during the 4th quarter. Korea Investment CORP now owns 150,374 shares of the basic materials company's stock valued at $12,830,000 after acquiring an additional 70,585 shares in the last quarter. National Pension Service lifted its position in shares of CF Industries by 2,848.4% during the fourth quarter. National Pension Service now owns 290,384 shares of the basic materials company's stock valued at $24,776,000 after purchasing an additional 280,535 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in CF Industries during the fourth quarter worth about $51,000. Charles Schwab Investment Management Inc. grew its position 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 worth $494,202,000 after purchasing an additional 225,109 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in CF Industries by 14.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,807 shares of the basic materials company's stock valued at $14,543,000 after buying an additional 21,632 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

CF Industries Price Performance

NYSE CF traded down $0.12 during trading hours on Friday, hitting $92.16. The company had a trading volume of 1,839,922 shares, compared to its average volume of 2,125,452. The firm has a 50 day simple moving average of $81.13 and a 200 day simple moving average of $83.89. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 0.37 and a beta of 0.97. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $98.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08.

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 the consensus estimate of $1.47 by $0.38. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The business had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm's revenue was up 13.1% on a year-over-year basis. Equities research analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries declared that its Board of Directors has approved a share repurchase plan on Wednesday, May 7th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to purchase up to 14.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

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 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 2.17%. CF Industries's payout ratio is 26.35%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank of Canada cut their price objective on CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. Barclays boosted their price target on shares of CF Industries from $87.00 to $91.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Bank of America upgraded shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price objective for the company in a report on Monday, February 24th. UBS Group boosted their target price on shares of CF Industries from $79.00 to $82.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company raised their price target on shares of CF Industries from $96.00 to $98.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, CF Industries presently has an average rating of "Hold" and an average price target 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.