Thomist Capital Management LP Takes $11.07 Million Position in CF Industries Holdings, Inc. (NYSE:CF)

Thomist Capital Management LP bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 131,700 shares of the basic materials company’s stock, valued at approximately $11,074,000. CF Industries makes up approximately 2.7% of Thomist Capital Management LP’s investment portfolio, making the stock its 11th biggest position. Thomist Capital Management LP owned approximately 0.08% of CF Industries at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC increased its position in shares of CF Industries by 6.6% during the 4th quarter. FMR LLC now owns 8,830,621 shares of the basic materials company’s stock worth $753,429,000 after purchasing an additional 543,876 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in CF Industries by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock valued at $494,202,000 after acquiring an additional 225,109 shares in the last quarter. Victory Capital Management Inc. increased its position in CF Industries by 7.1% in the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company’s stock valued at $382,901,000 after acquiring an additional 299,173 shares in the last quarter. First Trust Advisors LP increased its position in CF Industries by 3.5% in the 4th quarter. First Trust Advisors LP now owns 4,425,518 shares of the basic materials company’s stock valued at $377,585,000 after acquiring an additional 150,461 shares in the last quarter. Finally, Boston Partners grew its position in shares of CF Industries by 7.0% during the 4th quarter. Boston Partners now owns 3,316,616 shares of the basic materials company’s stock worth $283,044,000 after buying an additional 216,395 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

CF has been the subject of several analyst reports. Oppenheimer cut shares of CF Industries from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 22nd. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Royal Bank of Canada reduced their price objective on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Finally, Piper Sandler lifted their price objective on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and an average price target of $90.21.

CF Industries Stock Performance

Shares of CF opened at $87.79 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 twelve month low of $67.34 and a twelve month high of $98.25. The firm’s 50 day moving average price is $77.40 and its two-hundred day moving average price is $83.36. The firm has a market cap of $14.88 billion, a P/E ratio of 12.97, a PEG ratio of 0.37 and a beta of 0.94.

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, topping analysts’ consensus estimates of $1.47 by $0.38. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.53 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, May 15th. CF Industries’s dividend payout ratio is presently 26.35%.

CF Industries declared that its Board of Directors has authorized a share buyback 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 repurchase up to 14.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.