Gotham Asset Management LLC Purchases 42,022 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Gotham Asset Management LLC grew its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 188,017 shares of the basic materials company's stock after acquiring an additional 42,022 shares during the quarter. Gotham Asset Management LLC owned 0.11% of CF Industries worth $16,042,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Graham Capital Management L.P. acquired a new stake in CF Industries during the fourth quarter worth approximately $235,000. Focus Partners Wealth acquired a new stake in shares of CF Industries during the 4th quarter worth approximately $249,000. Deutsche Bank AG increased its stake in CF Industries by 20.9% in the fourth quarter. Deutsche Bank AG now owns 1,280,937 shares of the basic materials company's stock valued at $109,290,000 after acquiring an additional 221,636 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in CF Industries by 18.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,100 shares of the basic materials company's stock valued at $179,000 after purchasing an additional 330 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in CF Industries by 37.5% during the fourth quarter. EP Wealth Advisors LLC now owns 6,345 shares of the basic materials company's stock worth $541,000 after purchasing an additional 1,731 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

CF Industries Stock Up 1.2%

CF stock traded up $1.06 during mid-day trading on Friday, hitting $87.29. The stock had a trading volume of 572,189 shares, compared to its average volume of 2,128,761. 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 1-year low of $67.34 and a 1-year high of $98.25. The company has a fifty day moving average of $77.18 and a 200 day moving average of $83.31. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.37 and a beta of 0.94.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.47 by $0.38. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate 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 was up 13.1% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. On average, equities analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries announced that its Board of Directors has authorized a stock repurchase 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 often an indication that the company's leadership believes its shares are undervalued.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Thursday, May 15th. CF Industries's dividend payout ratio (DPR) is 26.35%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Piper Sandler raised 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. JPMorgan Chase & Co. lowered CF Industries from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Oppenheimer cut shares of CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. BNP Paribas upgraded CF Industries to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, Scotiabank upgraded shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 target price on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $90.21.

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.