State of Wyoming Purchases Shares of 8,995 CF Industries Holdings, Inc. (NYSE:CF)

State of Wyoming purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,995 shares of the basic materials company's stock, valued at approximately $767,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Checchi Capital Advisers LLC increased its position in shares of CF Industries by 4.3% during the fourth quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company's stock valued at $221,000 after buying an additional 108 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of CF Industries by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company's stock worth $495,000 after acquiring an additional 120 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of CF Industries by 26.9% in the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 122 shares during the period. Oppenheimer Asset Management Inc. grew its stake in CF Industries by 1.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company's stock worth $602,000 after purchasing an additional 126 shares during the period. Finally, Coldstream Capital Management Inc. lifted its position in CF Industries by 4.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company's stock valued at $257,000 after buying an additional 126 shares during the period. Institutional investors own 93.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CF shares. Bank of America raised shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 target price on the stock in a research report on Monday, February 24th. Wells Fargo & Company raised their target price on shares of CF Industries from $96.00 to $98.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Morgan Stanley dropped their price target on CF Industries from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. lowered CF Industries from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $82.00 to $75.00 in a research report on Friday, January 24th. Finally, The Goldman Sachs Group began coverage on CF Industries in a research note on Thursday, March 13th. They set a "neutral" rating and a $86.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $90.21.

CF Industries Stock Performance

Shares of CF stock traded down $0.43 during trading hours on Thursday, reaching $88.92. The company had a trading volume of 2,029,885 shares, compared to its average volume of 2,143,278. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. The business has a fifty day moving average price of $78.08 and a 200-day moving average price of $83.47. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $98.25. The firm has a market cap of $15.08 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings data 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. The company 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%. CF Industries'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 business earned $1.03 earnings per share. Sell-side analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

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

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