National Bank of Canada FI grew its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 32.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 173,083 shares of the basic materials company's stock after purchasing an additional 42,508 shares during the quarter. National Bank of Canada FI owned approximately 0.10% of CF Industries worth $13,526,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. raised its stake in CF Industries by 8,352.8% during the first quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company's stock worth $113,422,000 after acquiring an additional 1,434,168 shares during the period. Bank of New York Mellon Corp raised its stake in CF Industries by 72.8% during the first quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company's stock worth $178,053,000 after acquiring an additional 959,901 shares during the period. Ameriprise Financial Inc. raised its stake in CF Industries by 29.4% during the fourth quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company's stock worth $239,299,000 after acquiring an additional 637,784 shares during the period. Talaria Asset Management Pty Ltd acquired a new stake in CF Industries during the fourth quarter worth about $28,156,000. Finally, GAMMA Investing LLC raised its stake in CF Industries by 6,633.1% during the first quarter. GAMMA Investing LLC now owns 324,401 shares of the basic materials company's stock worth $25,352,000 after acquiring an additional 319,583 shares during the period. Institutional investors and hedge funds own 93.06% of the company's stock.
CF Industries Price Performance
Shares of NYSE CF traded up $1.38 during trading on Friday, reaching $86.15. The company had a trading volume of 1,215,553 shares, compared to its average volume of 2,772,189. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The stock has a market cap of $13.95 billion, a PE ratio of 11.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. The business's 50 day moving average price is $93.23 and its 200-day moving average price is $85.27.
CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.02. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. CF Industries's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.30 earnings per share. Analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.
CF Industries announced that its board has initiated a stock buyback program on Wednesday, May 7th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the basic materials company to repurchase up to 14.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.
CF Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 15th. CF Industries's dividend payout ratio is 26.11%.
Insider Buying and Selling at CF Industries
In other news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction 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 sale, the executive vice president owned 87,923 shares of the company's stock, valued at $8,812,522.29. The trade was a 10.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several research firms recently weighed in on CF. Wolfe Research lowered shares of CF Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, June 12th. Royal Bank Of Canada set a $100.00 price target on shares of CF Industries and gave the company a "sector perform" rating in a research note on Monday, July 14th. Wells Fargo & Company dropped their price target on shares of CF Industries from $108.00 to $101.00 and set an "overweight" rating on the stock in a research note on Monday. Barclays upgraded shares of CF Industries from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $95.00 to $100.00 in a research note on Wednesday. Finally, UBS Group dropped their price target on shares of CF Industries from $103.00 to $101.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $95.00.
Check Out Our Latest Stock Report on CF
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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