Amalgamated Bank Acquires 495 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Amalgamated Bank lifted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,961 shares of the basic materials company’s stock after buying an additional 495 shares during the quarter. Amalgamated Bank’s holdings in CF Industries were worth $2,654,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. US Bancorp DE increased its position in CF Industries by 3.4% during the 4th quarter. US Bancorp DE now owns 11,848 shares of the basic materials company’s stock valued at $1,011,000 after buying an additional 393 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of CF Industries by 19.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 924 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 148 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of CF Industries by 12.8% in the fourth quarter. Jones Financial Companies Lllp now owns 4,546 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 517 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of CF Industries during the fourth quarter valued at $51,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of CF Industries in the 4th quarter worth about $4,035,000. 93.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the company’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $100.23, for a total value of $1,002,300.00. Following the completion of the sale, the executive vice president owned 87,923 shares in the company, valued at $8,812,522.29. This represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CF shares. Morgan Stanley set a $95.00 price objective on shares of CF Industries and gave the company an “equal weight” rating in a research note on Thursday, June 26th. Wells Fargo & Company set a $105.00 price target on shares of CF Industries and gave the company an “overweight” rating in a report on Wednesday, June 25th. Wolfe Research lowered shares of CF Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 12th. BNP Paribas raised CF Industries to a “strong-buy” rating in a research report on Wednesday, April 9th. Finally, Barclays lifted their target price on CF Industries from $87.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $91.79.

CF Industries Trading Down 0.1%

CF Industries stock opened at $93.78 on Friday. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $104.45. The company has a market cap of $15.90 billion, a P/E ratio of 12.36 and a beta of 0.96. The company has a quick ratio of 2.22, a current ratio of 2.59 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $90.03 and a two-hundred day simple moving average of $84.76.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.38. CF Industries had a net margin of 21.80% and a return on equity of 17.39%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. Analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries announced that its board has initiated a stock buyback program on Wednesday, May 7th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the basic materials company to purchase up to 14.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.13%. CF Industries’s dividend payout ratio is currently 26.35%.

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.