Cibc World Markets Corp Buys 13,990 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Cibc World Markets Corp increased its position in CF Industries Holdings, Inc. (NYSE:CFFree Report) by 131.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,640 shares of the basic materials company’s stock after purchasing an additional 13,990 shares during the quarter. Cibc World Markets Corp’s holdings in CF Industries were worth $1,959,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new stake in CF Industries during the 4th quarter worth $193,145,000. Goldman Sachs Group Inc. raised its position in shares of CF Industries by 68.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after purchasing an additional 630,264 shares during the period. First Trust Advisors LP lifted its holdings in shares of CF Industries by 16.5% during the 4th quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock valued at $232,779,000 after purchasing an additional 414,785 shares in the last quarter. Boston Partners grew its position in shares of CF Industries by 19.0% in the 4th quarter. Boston Partners now owns 2,228,297 shares of the basic materials company’s stock valued at $177,119,000 after purchasing an additional 356,318 shares during the period. Finally, Federated Hermes Inc. increased its stake in CF Industries by 146.6% during the 3rd quarter. Federated Hermes Inc. now owns 502,369 shares of the basic materials company’s stock worth $43,073,000 after purchasing an additional 298,673 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Trading Up 0.7 %

Shares of NYSE:CF opened at $77.86 on Monday. CF Industries Holdings, Inc. has a 52-week low of $65.75 and a 52-week high of $87.90. The company has a market capitalization of $14.23 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 2.47 and a beta of 1.00. The company has a 50-day simple moving average of $78.40 and a 200 day simple moving average of $78.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94.

CF Industries (NYSE:CFGet Free Report) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business posted $2.85 earnings per share. The company’s revenue for the quarter was down 26.9% on a year-over-year basis. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.24 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.00 annualized dividend and a yield of 2.57%. CF Industries’s dividend payout ratio (DPR) is currently 33.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. BMO Capital Markets cut their price objective on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Scotiabank lowered their target price on CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Monday, May 6th. Wells Fargo & Company lowered their target price on CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 16th. Berenberg Bank increased their target price on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of CF Industries in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, CF Industries has an average rating of “Hold” and an average target price of $85.00.

View Our Latest Stock Analysis on CF Industries

Insiders Place Their Bets

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the sale, the executive vice president now directly owns 64,030 shares in the company, valued at $5,442,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.

About CF Industries

(Free Report)

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.

Read More

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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