Sherbrooke Park Advisers LLC Makes New $550,000 Investment in CF Industries Holdings, Inc. (NYSE:CF)

Sherbrooke Park Advisers LLC purchased a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,450 shares of the basic materials company's stock, valued at approximately $550,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mizuho Bank Ltd. purchased a new position in shares of CF Industries during the fourth quarter worth approximately $26,000. Heck Capital Advisors LLC bought a new position in CF Industries during the 4th quarter worth approximately $34,000. Creative Financial Designs Inc. ADV grew its position in CF Industries by 50.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock worth $41,000 after acquiring an additional 161 shares during the last quarter. Asset Planning Inc bought a new position in CF Industries during the 4th quarter worth approximately $44,000. Finally, Arlington Trust Co LLC grew its position in CF Industries by 422.0% during the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company's stock worth $49,000 after acquiring an additional 460 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

CF Industries Stock Down 0.5%

CF stock traded down $0.49 during midday trading on Thursday, hitting $88.87. The stock had a trading volume of 779,824 shares, compared to its average volume of 2,673,617. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94. The business has a 50-day moving average of $78.08 and a two-hundred day moving average of $83.47. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $98.25. 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 (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.38. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The company had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The firm's revenue for the quarter was up 13.1% on a year-over-year basis. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries announced that its Board of Directors has approved a share repurchase program on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to purchase up to 14.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given 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 2.25%. CF Industries's dividend payout ratio is currently 26.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Royal Bank of Canada dropped 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 research report on Tuesday, February 25th. Oppenheimer lowered shares of CF Industries from an "outperform" rating to a "market perform" rating in a report on Tuesday, April 22nd. Barclays increased their target price on shares of CF Industries from $87.00 to $91.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. 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. Finally, Morgan Stanley dropped their target price on shares of CF Industries from $85.00 to $80.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CF Industries presently has an average rating of "Hold" and a consensus target price of $90.21.

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.