Quantinno Capital Management LP Buys 59,391 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Quantinno Capital Management LP increased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 371.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 75,382 shares of the basic materials company's stock after acquiring an additional 59,391 shares during the period. Quantinno Capital Management LP's holdings in CF Industries were worth $6,432,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Palo Duro Investment Partners LP lifted its stake in CF Industries by 3.2% in the 4th quarter. Palo Duro Investment Partners LP now owns 50,529 shares of the basic materials company's stock worth $4,311,000 after purchasing an additional 1,569 shares in the last quarter. Mufg Securities Americas Inc. purchased a new stake in shares of CF Industries during the 4th quarter valued at approximately $219,000. Man Group plc raised its position in shares of CF Industries by 5.3% during the 4th quarter. Man Group plc now owns 141,976 shares of the basic materials company's stock valued at $12,113,000 after buying an additional 7,086 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of CF Industries during the 4th quarter valued at approximately $518,000. Finally, NorthRock Partners LLC purchased a new stake in shares of CF Industries during the 4th quarter valued at approximately $255,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Piper Sandler lifted their target price on shares of CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Scotiabank upgraded shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 target price for the company in a report on Wednesday, April 9th. Royal Bank of Canada dropped 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. Barclays lifted their target price on shares of CF Industries from $87.00 to $91.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Finally, Bank of America upgraded shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 target price for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $90.21.

CF Industries Stock Up 0.4%

CF stock traded up $0.32 during trading hours on Tuesday, hitting $87.91. The company's stock had a trading volume of 2,343,171 shares, compared to its average volume of 2,136,560. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $14.90 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $98.25. The stock has a 50 day moving average price of $77.60 and a two-hundred day moving average price of $83.39.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (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 net margin of 20.52% and a return on equity of 15.50%. CF Industries's quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. On average, equities research analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The company 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, May 15th. CF Industries's dividend payout ratio (DPR) is currently 26.35%.

CF Industries announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 7th that permits the company to buyback $2.00 billion in 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 generally a sign that the company's leadership believes its stock is undervalued.

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.