Raymond James Financial Inc. Purchases Shares of 174,436 CF Industries Holdings, Inc. (NYSE:CF)

Raymond James Financial Inc. purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 174,436 shares of the basic materials company's stock, valued at approximately $14,883,000. Raymond James Financial Inc. owned 0.10% of CF Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its stake in CF Industries by 6.6% during the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock worth $753,429,000 after purchasing an additional 543,876 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of CF Industries by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company's stock valued at $494,202,000 after buying an additional 225,109 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of CF Industries by 7.1% in the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company's stock valued at $382,901,000 after buying an additional 299,173 shares during the last quarter. Boston Partners grew its position in shares of CF Industries by 7.0% in the 4th quarter. Boston Partners now owns 3,316,616 shares of the basic materials company's stock valued at $283,044,000 after buying an additional 216,395 shares during the last quarter. Finally, Norges Bank purchased a new stake in CF Industries in the fourth quarter valued at $131,350,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CF has been the topic of several research reports. Scotiabank raised CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price objective on the stock in a report on Wednesday, April 9th. Bank of America raised CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price target on the stock in a research report on Monday, February 24th. 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. Royal Bank of Canada cut their target price on shares of CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Finally, Oppenheimer cut shares of CF Industries from an "outperform" rating to a "market perform" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $89.29.

CF Industries Price Performance

Shares of CF traded up $1.20 during trading hours on Friday, reaching $78.50. The company had a trading volume of 1,882,840 shares, compared to its average volume of 2,099,739. 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 12-month low of $67.34 and a 12-month high of $98.25. The firm has a 50 day simple moving average of $76.15 and a 200-day simple moving average of $83.60. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.37 and a beta of 0.84.

CF Industries (NYSE:CF - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. 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 was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.55%. CF Industries's payout ratio is 29.54%.

CF Industries Company 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.