Crestline Management LP purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm purchased 45,235 shares of the basic materials company’s stock, valued at approximately $3,859,000.
Other institutional investors also recently modified their holdings of the company. Mizuho Bank Ltd. bought a new position in CF Industries in the fourth quarter valued at $26,000. Heck Capital Advisors LLC acquired a new stake in shares of CF Industries in the fourth quarter valued at about $34,000. Creative Financial Designs Inc. ADV raised its holdings in 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 acquiring an additional 161 shares in the last quarter. Asset Planning Inc acquired a new position in CF Industries during the fourth quarter valued at approximately $44,000. Finally, Brooklyn Investment Group grew its stake 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 purchasing an additional 122 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Barclays cut their price objective on CF Industries from $95.00 to $87.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective for the company in a research report on Monday, February 24th. Royal Bank of Canada dropped their target price on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. BNP Paribas upgraded CF Industries to a “strong-buy” rating in a report on Wednesday, April 9th. Finally, Oppenheimer cut CF Industries from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $89.29.
CF Industries Stock Performance
CF opened at $81.96 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The business has a fifty day simple moving average of $76.26 and a 200 day simple moving average of $83.28. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $98.25. The company has a market capitalization of $13.90 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94.
CF Industries (NYSE:CF – Get Free Report) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Research analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.
CF Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.44%. CF Industries’s payout ratio is 29.54%.
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.
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