Gabelli Funds LLC Decreases Stake in CF Industries Holdings, Inc. (NYSE:CF)

Gabelli Funds LLC trimmed its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,955 shares of the basic materials company’s stock after selling 500 shares during the quarter. Gabelli Funds LLC’s holdings in CF Industries were worth $1,361,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Mizuho Bank Ltd. acquired a new stake in CF Industries during the 4th quarter valued at approximately $26,000. Heck Capital Advisors LLC purchased a new position in shares of CF Industries during the 4th quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV grew its position in shares of CF Industries by 50.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after buying an additional 161 shares in the last quarter. Asset Planning Inc bought a new stake in shares of CF Industries in the fourth quarter worth $44,000. Finally, Brooklyn Investment Group raised its holdings in CF Industries by 26.9% in the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Trading Up 1.1 %

Shares of NYSE:CF opened at $74.90 on Friday. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $98.25. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The company has a market cap of $12.70 billion, a PE ratio of 11.06, a P/E/G ratio of 0.37 and a beta of 0.84. The company’s 50-day moving average price is $76.71 and its 200 day moving average price is $84.01.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.67%. CF Industries’s payout ratio is 29.54%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CF shares. UBS Group decreased their price objective on shares of CF Industries from $90.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday. Royal Bank of Canada lowered their price objective on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Barclays reduced their target price on CF Industries from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target for the company in a report on Monday, February 24th. Finally, The Goldman Sachs Group started coverage on CF Industries in a research note on Thursday, March 13th. They set a “neutral” rating and a $86.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and a consensus target price of $89.86.

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.