Polar Asset Management Partners Inc. Acquires 50,200 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Polar Asset Management Partners Inc. boosted its position in CF Industries Holdings, Inc. (NYSE:CF) by 214.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,600 shares of the basic materials company’s stock after purchasing an additional 50,200 shares during the period. Polar Asset Management Partners Inc.’s holdings in CF Industries were worth $6,280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mizuho Bank Ltd. acquired a new position in CF Industries in the 4th quarter worth about $26,000. Heck Capital Advisors LLC acquired a new position in CF Industries in the 4th quarter worth about $34,000. Creative Financial Designs Inc. ADV increased its holdings in CF Industries by 50.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 161 shares in the last quarter. Asset Planning Inc acquired a new position in CF Industries in the 4th quarter worth about $44,000. Finally, Arlington Trust Co LLC increased its stake in shares of CF Industries by 422.0% in the fourth quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock valued at $49,000 after buying an additional 460 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Trading Up 0.1%

NYSE CF opened at $89.00 on Monday. The business has a 50 day simple moving average of $78.55 and a 200 day simple moving average of $83.50. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $98.25. The stock has a market capitalization of $15.09 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.37 and a beta of 0.94. 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 (NYSE:CF) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.38. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. Research analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries announced that its Board of Directors has approved a share buyback plan on Wednesday, May 7th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the basic materials company to buy up to 14.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.25%. CF Industries’s dividend payout ratio (DPR) is presently 26.35%.

Analyst Ratings Changes

CF has been the subject of several recent research reports. Morgan Stanley decreased their price target on 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. The Goldman Sachs Group initiated coverage on CF Industries in a research note on Thursday, March 13th. They issued a “neutral” rating and a $86.00 price target for the company. Scotiabank raised CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 price target for the company in a research note on Wednesday, April 9th. Piper Sandler increased their price target on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada decreased their price target on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. One research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $90.21.

CF Industries Company 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.