Burney Co. Acquires 375 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Burney Co. boosted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,310 shares of the basic materials company’s stock after purchasing an additional 375 shares during the quarter. Burney Co.’s holdings in CF Industries were worth $858,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CF. Norges Bank acquired a new stake in CF Industries in the fourth quarter worth $193,145,000. Goldman Sachs Group Inc. increased its position in shares of CF Industries by 68.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after acquiring an additional 630,264 shares in the last quarter. First Trust Advisors LP raised its stake in shares of CF Industries by 16.5% in the fourth quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock worth $232,779,000 after purchasing an additional 414,785 shares during the last quarter. Boston Partners boosted its holdings in CF Industries by 19.0% during the 4th quarter. Boston Partners now owns 2,228,297 shares of the basic materials company’s stock worth $177,119,000 after acquiring an additional 356,318 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of 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 subject of several research reports. Piper Sandler reduced their price target on shares of CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a research report on Tuesday, May 7th. Royal Bank of Canada lowered their price target on shares of CF Industries from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, July 15th. UBS Group dropped their price objective on CF Industries from $86.00 to $78.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Berenberg Bank raised their target price on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Finally, Scotiabank dropped their price target on CF Industries from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, CF Industries has an average rating of “Hold” and a consensus price target of $82.87.

CF Industries Price Performance

Shares of NYSE CF traded down $2.58 during midday trading on Friday, hitting $73.22. 1,751,663 shares of the company’s stock were exchanged, compared to its average volume of 1,679,973. The business’s fifty day moving average price is $74.16 and its two-hundred day moving average price is $77.45. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 2.44 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 Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $87.90.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share 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 net margin of 19.03% and a return on equity of 14.08%. The business’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.85 EPS. As a group, research analysts forecast that CF Industries Holdings, Inc. will post 5.18 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, August 15th. CF Industries’s payout ratio is currently 33.22%.

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.