Bridgefront Capital LLC Has $210,000 Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Bridgefront Capital LLC trimmed its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 49.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,461 shares of the basic materials company’s stock after selling 2,375 shares during the period. Bridgefront Capital LLC’s holdings in CF Industries were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CF. Checchi Capital Advisers LLC increased its stake in CF Industries by 4.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company’s stock valued at $221,000 after acquiring an additional 108 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of CF Industries by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company’s stock worth $495,000 after buying an additional 120 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock worth $49,000 after buying an additional 122 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in CF Industries by 1.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company’s stock valued at $602,000 after buying an additional 126 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in CF Industries by 4.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 126 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Trading Up 0.7 %

NYSE:CF opened at $81.24 on Friday. The firm has a market cap of $13.77 billion, a P/E ratio of 12.00, 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 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 firm’s fifty day moving average is $76.32 and its 200-day moving average is $83.24.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the business earned $1.03 EPS. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. Equities analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries declared that its Board of Directors has authorized a share repurchase program on Wednesday, May 7th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the basic materials company to purchase up to 14.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 2.46%. CF Industries’s payout ratio is currently 29.54%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CF. Oppenheimer downgraded shares of CF Industries from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut CF Industries from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $82.00 to $75.00 in a research note on Friday, January 24th. The Goldman Sachs Group began coverage on CF Industries in a research report on Thursday, March 13th. They set a “neutral” rating and a $86.00 price objective on the stock. Piper Sandler increased their target price on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Finally, BNP Paribas upgraded CF Industries to a “strong-buy” rating in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus target price of $89.50.

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.