CF Industries Holdings, Inc. (NYSE:CF) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in CF Industries Holdings, Inc. (NYSE:CF) by 36.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,487 shares of the basic materials company’s stock after acquiring an additional 48,271 shares during the quarter. Wellington Management Group LLP owned about 0.10% of CF Industries worth $14,428,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CF Industries during the 4th quarter worth about $29,000. Bruce G. Allen Investments LLC acquired a new stake in shares of CF Industries during the 4th quarter worth about $32,000. Meeder Asset Management Inc. acquired a new stake in shares of CF Industries during the 4th quarter worth about $36,000. ORG Partners LLC increased its position in shares of 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 purchasing an additional 230 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of 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 purchasing an additional 256 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CF shares. Scotiabank cut their price objective on CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a research report on Monday, May 6th. Piper Sandler lowered their target price on CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. Bank of America restated a “neutral” rating and set a $88.00 target price (down from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Berenberg Bank raised their target price on CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Finally, BMO Capital Markets lowered their target price on CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $85.00.

CF Industries Price Performance

CF stock opened at $76.23 on Thursday. The business has a 50 day moving average price of $76.75 and a 200 day moving average price of $78.66. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 2.39 and a beta of 1.00. CF Industries Holdings, Inc. has a fifty-two week low of $67.59 and a fifty-two 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.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.44). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. CF Industries’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.85 EPS. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.26 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.62%. The ex-dividend date was Tuesday, May 14th. CF Industries’s dividend payout ratio (DPR) is 33.22%.

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.