Schonfeld Strategic Advisors LLC Has $1.01 Million Stake in CF Industries Holdings, Inc. (NYSE:CF)

Schonfeld Strategic Advisors LLC trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 96.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,793 shares of the basic materials company's stock after selling 350,896 shares during the period. Schonfeld Strategic Advisors LLC's holdings in CF Industries were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. FMR LLC boosted its position 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 period. Charles Schwab Investment Management Inc. boosted its holdings in shares of CF Industries by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company's stock worth $494,202,000 after buying an additional 225,109 shares during the period. Victory Capital Management Inc. grew its stake in 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. First Trust Advisors LP raised its holdings in CF Industries by 3.5% in the 4th quarter. First Trust Advisors LP now owns 4,425,518 shares of the basic materials company's stock valued at $377,585,000 after acquiring an additional 150,461 shares during the period. Finally, Boston Partners lifted its position in CF Industries by 7.0% during the fourth quarter. Boston Partners now owns 3,316,616 shares of the basic materials company's stock worth $283,044,000 after acquiring an additional 216,395 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CF. Scotiabank upgraded 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. Piper Sandler increased their price objective on CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Oppenheimer cut shares of CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. UBS Group upped their price target on shares of CF Industries from $79.00 to $82.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Barclays dropped their price objective on shares of CF Industries from $95.00 to $87.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $89.93.

CF Industries Price Performance

CF traded up $3.08 during trading on Tuesday, hitting $87.47. 1,102,564 shares of the stock traded hands, compared to its average volume of 2,117,890. The business has a 50 day moving average price of $76.62 and a 200 day moving average price of $83.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $98.25. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 0.37 and a beta of 0.94.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.38. The company had revenue of $1.66 billion during the quarter, compared to analysts' expectations 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 in the previous year, the firm earned $1.03 EPS. Equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

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

CF Industries declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to buy up to 14.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are 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.