23,074 Shares in CF Industries Holdings, Inc. (NYSE:CF) Purchased by Zacks Investment Management

Zacks Investment Management purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,074 shares of the basic materials company's stock, valued at approximately $1,969,000.

A number of other institutional investors have also modified their holdings of CF. FMR LLC grew its holdings in shares of CF Industries by 6.6% during the 4th 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. grew 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 purchasing an additional 225,109 shares during the period. Victory Capital Management Inc. grew its holdings in shares of CF Industries by 7.1% during the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company's stock worth $382,901,000 after purchasing an additional 299,173 shares during the period. Boston Partners grew its holdings in shares of CF Industries by 7.0% during the 4th quarter. Boston Partners now owns 3,316,616 shares of the basic materials company's stock worth $283,044,000 after purchasing an additional 216,395 shares during the period. Finally, Norges Bank purchased a new stake in shares of CF Industries during the 4th quarter worth about $131,350,000. Institutional investors and hedge funds own 93.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CF shares. JPMorgan Chase & Co. cut CF Industries from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Scotiabank upgraded CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price target for the company in a report on Wednesday, April 9th. Piper Sandler upped their price target 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. UBS Group dropped their target price on shares of CF Industries from $90.00 to $79.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Bank of America raised 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 assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, CF Industries currently has an average rating of "Hold" and a consensus price target of $89.29.

CF Industries Price Performance

NYSE CF traded up $1.18 on Thursday, reaching $77.07. The company's stock had a trading volume of 578,165 shares, compared to its average volume of 2,091,472. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $98.25. The stock has a market cap of $13.07 billion, a PE ratio of 11.40, a PEG ratio of 0.37 and a beta of 0.84. The firm's 50 day moving average is $76.35 and its two-hundred day moving average is $83.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 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 the consensus estimate of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. As a group, sell-side analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.60%. CF Industries's dividend payout ratio is presently 29.54%.

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.