BluePath Capital Management LLC Boosts Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

BluePath Capital Management LLC lifted its stake in CF Industries Holdings, Inc. (NYSE:CF) by 46.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,122 shares of the basic materials company’s stock after purchasing an additional 1,620 shares during the period. BluePath Capital Management LLC’s holdings in CF Industries were worth $426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CF. Norges Bank purchased a new stake in CF Industries during the fourth quarter worth approximately $193,145,000. Goldman Sachs Group Inc. grew its position in shares of CF Industries by 68.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock valued at $122,933,000 after buying an additional 630,264 shares during the last quarter. First Trust Advisors LP grew its position in shares of CF Industries by 16.5% in the 4th quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock valued at $232,779,000 after buying an additional 414,785 shares during the last quarter. Boston Partners lifted its position in CF Industries by 19.0% in the fourth quarter. Boston Partners now owns 2,228,297 shares of the basic materials company’s stock valued at $177,119,000 after acquiring an additional 356,318 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in CF Industries by 137.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 580,518 shares of the basic materials company’s stock valued at $48,305,000 after acquiring an additional 335,624 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CF has been the topic of a number of research analyst reports. BMO Capital Markets cut their target price on CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Piper Sandler decreased their price objective on CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. Scotiabank cut their target price on shares of CF Industries from $86.00 to $80.00 and set a “sector perform” rating on the stock in a report on Monday, May 6th. Berenberg Bank upped their price target on shares of CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Finally, Bank of America reissued a “neutral” rating and set a $88.00 price objective (down from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $85.00.

CF Industries Price Performance

Shares of CF traded down $0.87 during mid-day trading on Wednesday, hitting $69.96. The company’s stock had a trading volume of 1,879,776 shares, compared to its average volume of 2,377,968. The firm has a 50-day simple moving average of $76.10 and a 200 day simple moving average of $78.55. CF Industries Holdings, Inc. has a 1-year low of $67.97 and a 1-year high of $87.90. The firm has a market capitalization of $12.79 billion, a P/E ratio of 11.62, a P/E/G ratio of 2.35 and a beta of 0.95. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.44). The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. CF Industries’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 earnings per share. Analysts predict that CF Industries Holdings, Inc. will post 5.26 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.86%. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

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.