Wellington Management Group LLP Grows Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Wellington Management Group LLP grew its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 442,549 shares of the basic materials company’s stock after acquiring an additional 1,079 shares during the period. Wellington Management Group LLP’s holdings in CF Industries were worth $37,758,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Checchi Capital Advisers LLC raised its position in shares of 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 buying an additional 108 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of CF Industries by 2.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company’s stock valued at $495,000 after buying an additional 120 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of 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 purchasing an additional 126 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of CF Industries by 4.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company’s stock valued at $257,000 after purchasing an additional 126 shares during the period. Finally, Transcend Capital Advisors LLC grew its holdings in shares of CF Industries by 4.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 3,312 shares of the basic materials company’s stock valued at $283,000 after purchasing an additional 137 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. BNP Paribas raised shares of CF Industries to a “strong-buy” rating in a report on Wednesday, April 9th. The Goldman Sachs Group assumed coverage on shares of CF Industries in a report on Thursday, March 13th. They issued a “neutral” rating and a $86.00 price objective for the company. Barclays upped their price objective on shares of CF Industries from $87.00 to $91.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. Wells Fargo & Company upped their price objective on shares of CF Industries from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Monday, May 12th. Finally, Oppenheimer lowered shares of CF Industries from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $90.21.

CF Industries Stock Up 0.6%

Shares of CF opened at $90.69 on Friday. The stock has a market capitalization of $15.38 billion, a PE ratio of 13.40, a P/E/G ratio of 0.37 and a beta of 0.94. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $98.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. The company’s 50-day simple moving average is $79.95 and its 200-day simple moving average is $83.72.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.38. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.53 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. Analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.21%. CF Industries’s dividend payout ratio is presently 26.35%.

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

CF Industries 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.