Corton Capital Inc. Invests $265,000 in CF Industries Holdings, Inc. (NYSE:CF)

Corton Capital Inc. bought a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) in the fourth quarter, Holdings Channel.com reports. The fund bought 3,111 shares of the basic materials company’s stock, valued at approximately $265,000.

A number of other hedge funds have also recently made changes to their positions in CF. Barclays PLC grew its stake in CF Industries by 68.9% in the 3rd quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock worth $63,263,000 after acquiring an additional 300,873 shares in the last quarter. Franklin Resources Inc. grew its stake in CF Industries by 13.4% in the third quarter. Franklin Resources Inc. now owns 245,742 shares of the basic materials company’s stock worth $21,380,000 after purchasing an additional 29,101 shares in the last quarter. Everence Capital Management Inc. purchased a new position in CF Industries during the 4th quarter worth $216,000. CWA Asset Management Group LLC bought a new stake in CF Industries during the 4th quarter valued at $657,000. Finally, Douglas Lane & Associates LLC lifted its holdings in shares of CF Industries by 3.2% in the 4th quarter. Douglas Lane & Associates LLC now owns 123,186 shares of the basic materials company’s stock worth $10,510,000 after buying an additional 3,775 shares during the period. 93.06% of the stock is currently owned by institutional investors.

CF Industries Trading Up 1.3 %

Shares of NYSE:CF opened at $81.96 on Wednesday. The business’s 50-day moving average is $76.26 and its 200 day moving average is $83.28. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $98.25. The firm has a market capitalization of $13.90 billion, a P/E ratio of 12.11, a P/E/G ratio of 0.37 and a beta of 0.94.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. On average, research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.44%. CF Industries’s payout ratio is currently 29.54%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of CF Industries from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. cut shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Piper Sandler lifted their price objective on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Royal Bank of Canada lowered their target price 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. Finally, UBS Group dropped their target price on CF Industries from $90.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $89.29.

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.