Rhumbline Advisers Has $29.02 Million Stake in CF Industries Holdings, Inc. (NYSE:CF)

Rhumbline Advisers grew its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 371,293 shares of the basic materials company's stock after purchasing an additional 24,543 shares during the quarter. Rhumbline Advisers owned approximately 0.22% of CF Industries worth $29,016,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Greenleaf Trust lifted its holdings in shares of CF Industries by 4.7% during the fourth quarter. Greenleaf Trust now owns 3,784 shares of the basic materials company's stock worth $323,000 after purchasing an additional 169 shares during the period. Mather Group LLC. grew its position in shares of CF Industries by 4.7% in the 4th quarter. Mather Group LLC. now owns 4,045 shares of the basic materials company's stock valued at $345,000 after buying an additional 180 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of CF Industries by 14.4% in the fourth 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 buying an additional 21,632 shares during the period. Confluence Wealth Services Inc. acquired a new stake in shares of CF Industries in the fourth quarter valued at about $989,000. Finally, Choreo LLC increased its stake in shares of CF Industries by 11.5% in the fourth quarter. Choreo LLC now owns 8,199 shares of the basic materials company's stock valued at $695,000 after buying an additional 848 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on CF. Royal Bank of Canada decreased their target price on shares of CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. UBS Group increased their price objective on shares of CF Industries from $79.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. 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 research report on Monday, May 12th. Barclays increased their price objective on shares of CF Industries from $87.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group initiated coverage on CF Industries in a report on Thursday, March 13th. They set a "neutral" rating and a $86.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $90.21.

CF Industries Price Performance

CF Industries stock opened at $92.22 on Friday. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $98.25. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The business's 50 day simple moving average is $81.13 and its 200 day simple moving average is $83.89. The company has a market cap of $15.63 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.37 and a beta of 0.97.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, beating 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 analysts' expectations of $1.53 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The business's revenue for the quarter was up 13.1% compared to the same quarter last year. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Thursday, May 15th. CF Industries's dividend payout ratio (DPR) is presently 26.35%.

CF Industries announced that its board has approved a stock buyback plan on Wednesday, May 7th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to repurchase up to 14.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

About CF Industries

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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