Vident Advisory LLC Raises Position in CF Industries Holdings, Inc. (NYSE:CF)

Vident Advisory LLC boosted its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 19.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 45,530 shares of the basic materials company's stock after buying an additional 7,375 shares during the period. Vident Advisory LLC's holdings in CF Industries were worth $3,885,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Checchi Capital Advisers LLC grew its position in CF Industries by 4.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company's stock valued at $221,000 after acquiring an additional 108 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings 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 valued at $495,000 after purchasing an additional 120 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in CF Industries by 1.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company's stock worth $602,000 after buying an additional 126 shares during the period. Coldstream Capital Management Inc. lifted its position in shares of 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 last quarter. Finally, Ballentine Partners LLC boosted its stake in CF Industries by 2.3% in the fourth quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company's stock valued at $482,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 93.06% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. The Goldman Sachs Group began coverage on shares of CF Industries in a research report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 price objective for the company. Morgan Stanley decreased their target price on CF Industries from $85.00 to $80.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Piper Sandler increased their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Oppenheimer lowered shares of CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada reduced 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 report on Tuesday, February 25th. One equities 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $90.21.

CF Industries Trading Up 0.1%

Shares of CF traded up $0.09 during midday trading on Monday, reaching $89.00. The company had a trading volume of 1,254,414 shares, compared to its average volume of 2,137,825. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $98.25. The firm has a 50 day simple moving average of $78.55 and a 200-day simple moving average of $83.50. The stock has a market cap of $15.09 billion, a PE 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 quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share 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 business had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company's revenue was up 13.1% on a year-over-year basis. Research analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

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

CF Industries declared that its board has initiated a share repurchase program on Wednesday, May 7th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the basic materials company to buy up to 14.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership 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.