TD Waterhouse Canada Inc. Lowers Holdings in CF Industries Holdings, Inc. (NYSE:CF)

TD Waterhouse Canada Inc. lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 6.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,732 shares of the basic materials company’s stock after selling 339 shares during the period. TD Waterhouse Canada Inc.’s holdings in CF Industries were worth $404,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of CF Industries by 68.9% during the third quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock worth $63,263,000 after buying an additional 300,873 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in CF Industries by 8.7% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 28,364 shares of the basic materials company’s stock worth $2,434,000 after acquiring an additional 2,270 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in CF Industries during the 3rd quarter worth approximately $993,000. Tidal Investments LLC increased its position in shares of CF Industries by 94.7% in the 3rd quarter. Tidal Investments LLC now owns 40,616 shares of the basic materials company’s stock valued at $3,485,000 after purchasing an additional 19,760 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of CF Industries by 13.4% in the 3rd quarter. Franklin Resources Inc. now owns 245,742 shares of the basic materials company’s stock valued at $21,380,000 after purchasing an additional 29,101 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CF has been the topic of several recent analyst reports. Royal Bank of Canada dropped their target price on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price for the company in a research note on Monday, February 24th. BNP Paribas upgraded shares of CF Industries to a “strong-buy” rating in a research note on Wednesday, April 9th. UBS Group reduced their price objective on shares of CF Industries from $90.00 to $79.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Finally, Piper Sandler lifted their price target 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 analyst has rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, CF Industries has a consensus rating of “Hold” and an average price target of $89.29.

CF Industries Price Performance

Shares of NYSE:CF opened at $78.50 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 one year low of $67.34 and a one year high of $98.25. The company has a 50-day simple moving average of $76.15 and a 200-day simple moving average of $83.60. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.37 and a beta of 0.84.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.55%. CF Industries’s dividend payout ratio is currently 29.54%.

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.