GAMMA Investing LLC Boosts Stake in CF Industries Holdings, Inc. (NYSE:CF)

GAMMA Investing LLC boosted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 6,633.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 324,401 shares of the basic materials company's stock after acquiring an additional 319,583 shares during the quarter. GAMMA Investing LLC owned about 0.19% of CF Industries worth $25,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC grew its stake in shares of CF Industries by 6.6% during the 4th quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock worth $753,429,000 after purchasing an additional 543,876 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in CF Industries by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company's stock worth $494,202,000 after buying an additional 225,109 shares in the last quarter. Victory Capital Management Inc. grew its position in CF Industries by 7.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company's stock worth $382,901,000 after buying an additional 299,173 shares during the period. First Trust Advisors LP increased its holdings in CF Industries by 3.5% in the fourth quarter. First Trust Advisors LP now owns 4,425,518 shares of the basic materials company's stock valued at $377,585,000 after buying an additional 150,461 shares in the last quarter. Finally, Boston Partners lifted its position 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 valued at $283,044,000 after acquiring an additional 216,395 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CF shares. Wells Fargo & Company increased their price objective on shares of CF Industries from $96.00 to $98.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. The Goldman Sachs Group assumed coverage on shares of CF Industries in a research report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 price target on the stock. BNP Paribas raised 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 target price on the stock in a research note on Wednesday, April 9th. Finally, Morgan Stanley dropped their price target on CF Industries from $85.00 to $80.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $90.21.

CF Industries Trading Down 0.1%

Shares of CF stock traded down $0.12 during mid-day trading on Friday, hitting $92.16. 1,839,922 shares of the company's stock were exchanged, compared to its average volume of 2,125,452. The stock has a market cap of $15.62 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 0.37 and a beta of 0.97. The stock has a 50-day simple moving average of $81.13 and a two-hundred day simple moving average of $83.89. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $98.25. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.38. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company earned $1.03 EPS. The firm's quarterly revenue was up 13.1% on a year-over-year basis. Equities analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued 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%.

CF Industries declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to buy up to 14.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

CF Industries Company 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.