First Trust Advisors LP Purchases 150,461 Shares of CF Industries Holdings, Inc. (NYSE:CF)

First Trust Advisors LP boosted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,425,518 shares of the basic materials company’s stock after buying an additional 150,461 shares during the quarter. First Trust Advisors LP’s holdings in CF Industries were worth $377,585,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mizuho Bank Ltd. acquired a new stake in CF Industries in the fourth quarter worth $26,000. Heck Capital Advisors LLC acquired a new position in shares of CF Industries during the fourth quarter worth about $34,000. Creative Financial Designs Inc. ADV grew its stake in shares of CF Industries by 50.8% during the 4th 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 bought a new position in CF Industries in the fourth quarter valued at $44,000. Finally, Brooklyn Investment Group grew its holdings in shares of CF Industries by 26.9% in the 4th 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 own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CF. Piper Sandler boosted their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Morgan Stanley reduced 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. UBS Group decreased their target price on shares of CF Industries from $90.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday. Scotiabank upgraded CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 price target on the stock in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $82.00 to $75.00 in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $89.86.

CF Industries Price Performance

CF stock opened at $74.90 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $98.25. The company has a market capitalization of $12.70 billion, a P/E ratio of 11.06, a PEG ratio of 0.37 and a beta of 0.84. The company has a fifty day moving average price of $76.71 and a 200-day moving average price of $84.01.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. As a group, equities analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

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

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.