CF Industries Holdings, Inc. (NYSE:CF) Stock Position Raised by Hennessy Advisors Inc.

Hennessy Advisors Inc. lifted its position in CF Industries Holdings, Inc. (NYSE:CF) by 14.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,000 shares of the basic materials company’s stock after acquiring an additional 4,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in CF Industries were worth $2,912,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CF. Norges Bank purchased a new stake in CF Industries in the 4th quarter worth approximately $193,145,000. Goldman Sachs Group Inc. lifted its position in CF Industries by 68.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after buying an additional 630,264 shares in the last quarter. First Trust Advisors LP lifted its position in CF Industries by 16.5% in 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 buying an additional 414,785 shares in the last quarter. Boston Partners lifted its position in CF Industries by 19.0% in the 4th quarter. Boston Partners now owns 2,228,297 shares of the basic materials company’s stock worth $177,119,000 after buying an additional 356,318 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of CF Industries by 29.1% during the 4th quarter. Sei Investments Co. now owns 1,261,378 shares of the basic materials company’s stock worth $100,282,000 after purchasing an additional 284,231 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Trading Down 1.0 %

NYSE CF traded down $0.76 during trading on Friday, reaching $74.00. 1,173,667 shares of the stock traded hands, compared to its average volume of 2,376,191. CF Industries Holdings, Inc. has a fifty-two week low of $67.97 and a fifty-two week high of $87.90. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. The firm has a market cap of $13.53 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 2.41 and a beta of 1.00. The stock’s 50-day moving average price is $76.65 and its 200 day moving average price is $78.63.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.44). The firm had revenue of $1.47 billion during 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 last year, the business posted $2.85 earnings per share. Analysts predict that CF Industries Holdings, Inc. will post 5.26 EPS for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.00 annualized dividend and a yield of 2.70%. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Berenberg Bank increased their price target on shares of CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Bank of America reiterated a “neutral” rating and issued a $88.00 target price (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Scotiabank lowered their target price on shares of CF Industries from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Monday, May 6th. Piper Sandler lowered their target price on shares of CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 7th. Finally, Wolfe Research assumed coverage on shares of CF Industries in a research note on Friday, March 1st. They issued an “outperform” rating and a $99.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $85.00.

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.