Allspring Global Investments Holdings LLC Raises Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Allspring Global Investments Holdings LLC lifted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 137.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 580,518 shares of the basic materials company’s stock after acquiring an additional 335,624 shares during the period. Allspring Global Investments Holdings LLC owned 0.31% of CF Industries worth $48,305,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Pacer Advisors Inc. increased its stake in CF Industries by 7.1% in the fourth quarter. Pacer Advisors Inc. now owns 3,078,652 shares of the basic materials company’s stock valued at $244,753,000 after purchasing an additional 204,536 shares during the period. First Trust Advisors LP lifted its position in 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 worth $232,779,000 after acquiring an additional 414,785 shares during the period. Dimensional Fund Advisors LP lifted its position in CF Industries by 7.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,862,532 shares of the basic materials company’s stock worth $227,576,000 after acquiring an additional 203,885 shares during the period. Norges Bank acquired a new position in shares of CF Industries in the fourth quarter valued at approximately $193,145,000. Finally, Boston Partners raised its stake 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 purchasing an additional 356,318 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

CF Industries Stock Performance

Shares of CF opened at $69.96 on Thursday. CF Industries Holdings, Inc. has a 12-month low of $67.97 and a 12-month high of $87.90. The stock has a market cap of $12.79 billion, a P/E ratio of 11.62, a PEG ratio of 2.35 and a beta of 0.95. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $76.10 and a two-hundred day moving average of $78.55.

CF Industries (NYSE:CF) last issued its quarterly earnings data 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). The company had revenue of $1.47 billion for 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 for the quarter was down 26.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 earnings per share. As a group, research analysts predict that CF Industries Holdings, Inc. will post 5.26 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Tuesday, May 14th. CF Industries’s payout ratio is currently 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.