FORA Capital LLC Sells 11,265 Shares of CF Industries Holdings, Inc. (NYSE:CF)

FORA Capital LLC reduced its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 30.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,689 shares of the basic materials company's stock after selling 11,265 shares during the period. FORA Capital LLC's holdings in CF Industries were worth $2,192,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CF. Mizuho Bank Ltd. acquired a new position in shares of CF Industries during the fourth quarter worth $26,000. Heck Capital Advisors LLC acquired a new position in shares of CF Industries during the fourth quarter worth $34,000. Creative Financial Designs Inc. ADV increased its holdings in shares of CF Industries by 50.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock worth $41,000 after buying an additional 161 shares in the last quarter. Asset Planning Inc acquired a new position in shares of CF Industries during the fourth quarter worth $44,000. Finally, Brooklyn Investment Group increased its holdings in shares of CF Industries by 26.9% during the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock worth $49,000 after buying an additional 122 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Stock Up 1.4%

Shares of CF traded up $1.13 on Friday, reaching $82.45. The company's stock had a trading volume of 2,523,318 shares, compared to its average volume of 2,117,734. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $98.25. The stock has a market capitalization of $13.98 billion, a PE ratio of 12.18, a PEG ratio of 0.37 and a beta of 0.94. The firm has a fifty day moving average of $76.46 and a 200-day moving average of $83.22.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.38. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The firm's revenue was up 13.1% compared to the same quarter last year. Equities analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries announced that its board has authorized a share 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 buy up to 14.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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 issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.43%. CF Industries's dividend payout ratio is presently 26.35%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CF shares. Royal Bank of Canada lowered their price target 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. The Goldman Sachs Group assumed coverage on CF Industries in a report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 price objective for the company. Morgan Stanley decreased their price objective 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 objective on CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. downgraded CF Industries from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $82.00 to $75.00 in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $89.50.

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.