43,554 Shares in CF Industries Holdings, Inc. (NYSE:CF) Purchased by Redwood Investment Management LLC

Redwood Investment Management LLC bought a new stake in CF Industries Holdings, Inc. (NYSE:CF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 43,554 shares of the basic materials company’s stock, valued at approximately $3,716,000.

Several other institutional investors also recently added to or reduced their stakes in CF. Polar Asset Management Partners Inc. raised its holdings in CF Industries by 214.5% in the 4th quarter. Polar Asset Management Partners Inc. now owns 73,600 shares of the basic materials company’s stock valued at $6,280,000 after acquiring an additional 50,200 shares in the last quarter. ProShare Advisors LLC boosted its stake in CF Industries by 3.4% during the fourth quarter. ProShare Advisors LLC now owns 31,126 shares of the basic materials company’s stock worth $2,656,000 after buying an additional 1,034 shares in the last quarter. Quantinno Capital Management LP increased its holdings in CF Industries by 371.4% in the 4th quarter. Quantinno Capital Management LP now owns 75,382 shares of the basic materials company’s stock valued at $6,432,000 after buying an additional 59,391 shares during the period. Palo Duro Investment Partners LP raised its stake in shares of CF Industries by 3.2% in the 4th quarter. Palo Duro Investment Partners LP now owns 50,529 shares of the basic materials company’s stock valued at $4,311,000 after buying an additional 1,569 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new position in shares of CF Industries during the 4th quarter worth about $219,000. 93.06% of the stock is owned by institutional investors.

CF Industries Stock Performance

CF stock opened at $85.39 on Thursday. The company has a 50 day moving average price of $77.00 and a 200 day moving average price of $83.28. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $98.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The stock has a market capitalization of $14.48 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94.

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

CF Industries declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 7th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to buy up to 14.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 2.34%. CF Industries’s dividend payout ratio is currently 26.35%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of CF Industries from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. cut CF Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Barclays boosted their price target on CF Industries from $87.00 to $91.00 and gave the company an “equal weight” rating in a research note on Wednesday. BNP Paribas upgraded CF Industries to a “strong-buy” rating in a research note on Wednesday, April 9th. Finally, Scotiabank raised CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 price objective for the company in a report on Wednesday, April 9th. 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 given a strong buy rating to the stock. According to data from MarketBeat, CF Industries presently has an average rating of “Hold” and an average price target of $90.21.

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.