Fractal Investments LLC raised its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 88.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,600 shares of the basic materials company's stock after acquiring an additional 4,500 shares during the quarter. Fractal Investments LLC's holdings in CF Industries were worth $750,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of CF. QRG Capital Management Inc. grew its position in shares of CF Industries by 21.8% during the first quarter. QRG Capital Management Inc. now owns 14,356 shares of the basic materials company's stock worth $1,122,000 after purchasing an additional 2,572 shares in the last quarter. Korea Investment CORP boosted its holdings in shares of CF Industries by 88.5% in the 4th quarter. Korea Investment CORP now owns 150,374 shares of the basic materials company's stock worth $12,830,000 after purchasing an additional 70,585 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of 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 purchasing an additional 206 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of CF Industries by 1,497.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 109,240 shares of the basic materials company's stock worth $8,537,000 after purchasing an additional 102,401 shares during the period. Finally, American Century Companies Inc. boosted its holdings in CF Industries by 8.0% during the 4th quarter. American Century Companies Inc. now owns 327,654 shares of the basic materials company's stock valued at $27,955,000 after acquiring an additional 24,135 shares during the period. Institutional investors own 93.06% of the company's stock.
Analysts Set New Price Targets
CF has been the topic of several recent analyst reports. Morgan Stanley set a $95.00 target price on CF Industries and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Oppenheimer lowered CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. UBS Group upped their target price on CF Industries from $79.00 to $82.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Wolfe Research lowered CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. Finally, Scotiabank raised CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 target price on the stock in a research report on Wednesday, April 9th. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $93.00.
Read Our Latest Report on CF Industries
CF Industries Stock Performance
CF traded up $0.72 on Tuesday, hitting $91.71. 1,972,091 shares of the company traded hands, compared to its average volume of 2,267,692. The company has a 50 day moving average of $93.04 and a 200-day moving average of $85.49. The company has a quick ratio of 2.22, a current ratio of 2.59 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $15.55 billion, a PE ratio of 12.08 and a beta of 0.96. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45.
CF Industries (NYSE:CF - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.38. CF Industries had a return on equity of 17.39% and a net margin of 21.80%. The company had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm's quarterly revenue was up 13.1% on a year-over-year basis. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.
CF Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, August 15th. CF Industries's dividend payout ratio is currently 26.35%.
CF Industries announced that its Board of Directors has approved a share repurchase plan on Wednesday, May 7th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire up to 14.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.
Insider Buying and Selling at CF Industries
In related news, EVP Susan L. Menzel sold 10,000 shares of the company's 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 sale, the executive vice president owned 87,923 shares in the company, valued at $8,812,522.29. This represents a 10.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.71% of the stock is currently owned by corporate insiders.
CF Industries Company Profile
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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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