CF Industries Holdings, Inc. (NYSE:CF) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 58.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,519 shares of the basic materials company's stock after buying an additional 18,245 shares during the quarter. State of Alaska Department of Revenue's holdings in CF Industries were worth $3,869,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CF. Sanctuary Advisors LLC raised its holdings in shares of CF Industries by 11.4% during the fourth quarter. Sanctuary Advisors LLC now owns 18,874 shares of the basic materials company's stock worth $1,740,000 after purchasing an additional 1,935 shares during the period. Truist Financial Corp raised its stake in CF Industries by 13.6% during the fourth quarter. Truist Financial Corp now owns 8,468 shares of the basic materials company's stock worth $722,000 after acquiring an additional 1,011 shares during the period. D.A. Davidson & CO. bought a new position in CF Industries in the fourth quarter worth about $475,000. Venturi Wealth Management LLC boosted its stake in CF Industries by 1,609.0% in the fourth quarter. Venturi Wealth Management LLC now owns 3,213 shares of the basic materials company's stock valued at $274,000 after acquiring an additional 3,025 shares during the period. Finally, Ieq Capital LLC boosted its stake in CF Industries by 544.4% in the fourth quarter. Ieq Capital LLC now owns 20,091 shares of the basic materials company's stock valued at $1,714,000 after acquiring an additional 16,973 shares during the period. Institutional investors and hedge funds own 93.06% of the company's stock.

CF Industries Price Performance

Shares of CF Industries stock traded down $3.88 on Monday, hitting $96.48. The company had a trading volume of 5,158,834 shares, compared to its average volume of 2,211,389. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.59 and a quick ratio of 2.22. The company has a market cap of $16.36 billion, a PE ratio of 12.71 and a beta of 0.97. The business has a 50-day simple moving average of $86.46 and a 200-day simple moving average of $84.39.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.38. CF Industries had a return on equity of 17.39% and a net margin of 21.80%. The company had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.53 billion. The firm's revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. Research analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.07%. The ex-dividend date was Thursday, May 15th. CF Industries's dividend payout ratio (DPR) is presently 26.35%.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CF shares. Bank of America upgraded CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price target on the stock in a research report on Monday, February 24th. The Goldman Sachs Group began coverage on CF Industries in a research report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 target price on the stock. BNP Paribas raised shares of CF Industries to a "strong-buy" rating in a report on Wednesday, April 9th. Barclays lifted their price objective on shares of CF Industries from $87.00 to $91.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Oppenheimer cut shares of CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $90.21.

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.