Vanguard Group Inc. Decreases Stake in CF Industries Holdings, Inc. (NYSE:CF)

Vanguard Group Inc. reduced its stake in CF Industries Holdings, Inc. (NYSE:CF) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,066,823 shares of the basic materials company’s stock after selling 561,896 shares during the quarter. Vanguard Group Inc. owned about 12.78% of CF Industries worth $1,913,312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC purchased a new position in CF Industries during the 4th quarter worth approximately $29,000. Bruce G. Allen Investments LLC purchased a new position in CF Industries during the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. purchased a new position in CF Industries during the 4th quarter worth approximately $36,000. ORG Partners LLC raised its position in CF Industries by 62.2% during the 4th quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock worth $48,000 after buying an additional 230 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in CF Industries by 70.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 621 shares of the basic materials company’s stock worth $53,000 after buying an additional 256 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Trading Down 0.6 %

Shares of CF opened at $73.56 on Wednesday. CF Industries Holdings, Inc. has a 52-week low of $67.59 and a 52-week high of $87.90. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average is $77.26 and its two-hundred day moving average is $78.70. The stock has a market cap of $13.45 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00.

CF Industries (NYSE:CF) last announced 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 return on equity of 14.08% and a net margin of 19.03%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the firm earned $2.85 EPS. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year. Research analysts forecast that CF Industries Holdings, Inc. will post 5.23 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.00 annualized dividend and a yield of 2.72%. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CF shares. Bank of America reissued a “neutral” rating and set a $88.00 price target (down from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Berenberg Bank raised their price target on shares of CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Wolfe Research assumed coverage on shares of CF Industries in a report on Friday, March 1st. They set an “outperform” rating and a $99.00 target price for the company. BMO Capital Markets cut their target price on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Finally, Piper Sandler cut their target price on shares of CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. Two 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $85.00.

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.