Silvercrest Asset Management Group LLC Buys New Position in CF Industries Holdings, Inc. (NYSE:CF)

Silvercrest Asset Management Group LLC bought a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 108,272 shares of the basic materials company's stock, valued at approximately $9,238,000. Silvercrest Asset Management Group LLC owned 0.06% of CF Industries as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Mizuho Bank Ltd. bought a new stake in shares of CF Industries during the 4th quarter valued at $26,000. Heck Capital Advisors LLC bought a new stake in shares of CF Industries during the 4th quarter valued at $34,000. Creative Financial Designs Inc. ADV lifted its position in shares of CF Industries by 50.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 161 shares during the period. Asset Planning Inc acquired a new position in shares of CF Industries during the 4th quarter worth $44,000. Finally, Brooklyn Investment Group lifted its position in shares of CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock worth $49,000 after buying an additional 122 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on CF shares. Morgan Stanley dropped their price objective 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. JPMorgan Chase & Co. downgraded CF Industries from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Oppenheimer downgraded CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company upped their price objective on CF Industries from $96.00 to $98.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Royal Bank of Canada dropped their price objective on 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CF Industries has a consensus rating of "Hold" and an average price target of $90.21.

CF Industries Price Performance

CF traded up $0.09 on Friday, reaching $89.00. The stock had a trading volume of 1,254,414 shares, compared to its average volume of 2,137,825. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $98.25. The firm has a 50-day moving average of $78.55 and a 200-day moving average of $83.50. 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 company has a market capitalization of $15.09 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94.

CF Industries (NYSE:CF - Get Free Report) last issued its 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. The business had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.53 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The business's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid 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 26.35%.

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

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.