Park Avenue Securities LLC Purchases 344 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Park Avenue Securities LLC boosted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,878 shares of the basic materials company’s stock after buying an additional 344 shares during the quarter. Park Avenue Securities LLC’s holdings in CF Industries were worth $406,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CF. Norges Bank acquired a new position in shares of CF Industries during the fourth quarter worth $193,145,000. Goldman Sachs Group Inc. grew its position in shares of CF Industries by 68.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock valued at $122,933,000 after buying an additional 630,264 shares during the last quarter. First Trust Advisors LP increased its stake in shares of CF Industries by 16.5% in the fourth quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock valued at $232,779,000 after buying an additional 414,785 shares during the period. Boston Partners raised its position in shares of CF Industries by 19.0% during the fourth quarter. Boston Partners now owns 2,228,297 shares of the basic materials company’s stock worth $177,119,000 after acquiring an additional 356,318 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of CF Industries by 29.1% in the fourth quarter. Sei Investments Co. now owns 1,261,378 shares of the basic materials company’s stock worth $100,282,000 after acquiring an additional 284,231 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

CF Industries Stock Performance

CF opened at $74.12 on Friday. CF Industries Holdings, Inc. has a 1-year low of $67.97 and a 1-year high of $87.90. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 2.37 and a beta of 1.00. The company’s fifty day moving average price is $76.55 and its two-hundred day moving average price is $78.66. The company has a current ratio of 3.94, a quick ratio of 3.55 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 analysts’ consensus estimates of $1.47 by ($0.44). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The company’s revenue was down 26.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.85 EPS. On average, analysts expect that CF Industries Holdings, Inc. will post 5.26 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given 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 dividend yield of 2.70%. CF Industries’s payout ratio is 33.22%.

CF Industries 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.