NorthRock Partners LLC Invests $255,000 in CF Industries Holdings, Inc. (NYSE:CF)

NorthRock Partners LLC bought a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 2,990 shares of the basic materials company's stock, valued at approximately $255,000.

A number of other large investors have also recently made changes to their positions in the business. Korea Investment CORP grew its holdings 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 purchasing an additional 70,585 shares during the last quarter. National Pension Service grew its holdings in CF Industries by 2,848.4% during the 4th 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 during the last quarter. SBI Securities Co. Ltd. bought a new position in CF Industries during the 4th quarter valued at about $51,000. Charles Schwab Investment Management Inc. grew its holdings in CF Industries by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company's stock valued at $494,202,000 after purchasing an additional 225,109 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in CF Industries by 14.4% during 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 purchasing an additional 21,632 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of CF Industries from $96.00 to $98.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Barclays upped their price target on shares of CF Industries from $87.00 to $91.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. downgraded shares of CF Industries from a "neutral" rating to an "underweight" rating and cut their price target for the company from $82.00 to $75.00 in a report on Friday, January 24th. Royal Bank of Canada cut their price target on shares of CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group started coverage on shares of CF Industries in a report on Thursday, March 13th. They set a "neutral" rating and a $86.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $90.21.

CF Industries Trading Up 0.1%

CF Industries stock traded up $0.09 during trading hours on Friday, hitting $89.00. The company had a trading volume of 1,254,414 shares, compared to its average volume of 2,136,743. The firm has a market cap of $15.09 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.37 and a beta of 0.94. 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 Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $98.25. The company has a 50-day moving average price of $78.55 and a two-hundred day moving average price of $83.50.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The company's revenue was up 13.1% compared to the same quarter last year. On average, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 7th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to buy up to 14.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.50 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.25%. CF Industries's payout ratio is presently 26.35%.

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.