Man Group plc Purchases 7,086 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Man Group plc raised its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141,976 shares of the basic materials company's stock after buying an additional 7,086 shares during the quarter. Man Group plc owned 0.08% of CF Industries worth $12,113,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Checchi Capital Advisers LLC raised its holdings in CF Industries by 4.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company's stock valued at $221,000 after acquiring an additional 108 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of CF Industries by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company's stock worth $495,000 after purchasing an additional 120 shares in the last quarter. Brooklyn Investment Group lifted its holdings in CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 122 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in CF Industries by 1.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company's stock valued at $602,000 after purchasing an additional 126 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in CF Industries by 4.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company's stock valued at $257,000 after buying an additional 126 shares in the last quarter. 93.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

CF has been the subject of a number of research analyst reports. Bank of America upgraded shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 target price for the company in a research note on Monday, February 24th. UBS Group boosted their price objective on CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Royal Bank of Canada decreased their target price on CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Piper Sandler upped their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company increased their price objective on shares of CF Industries from $96.00 to $98.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CF Industries currently has a consensus rating of "Hold" and an average target price of $90.21.

CF Industries Stock Up 1.6%

Shares of NYSE CF traded up $1.42 during mid-day trading on Wednesday, hitting $89.34. The company had a trading volume of 3,377,475 shares, compared to its average volume of 2,141,513. The company has a market capitalization of $15.15 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $98.25. The firm has a 50-day simple moving average of $77.82 and a two-hundred day simple moving average of $83.43.

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

CF Industries declared that its board has approved a share buyback program on Wednesday, May 7th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the basic materials company to purchase up to 14.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, May 15th. CF Industries's payout ratio is presently 26.35%.

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.