Joule Financial LLC Acquires Shares of 6,889 CF Industries Holdings, Inc. (NYSE:CF)

Joule Financial LLC acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the first quarter, Holdings Channel.com reports. The firm acquired 6,889 shares of the basic materials company’s stock, valued at approximately $538,000.

Several other large investors have also made changes to their positions in the business. Norges Bank purchased a new position in CF Industries in the 4th quarter valued at about $131,350,000. Ameriprise Financial Inc. lifted its position in shares of CF Industries by 29.4% in the fourth quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company’s stock valued at $239,299,000 after acquiring an additional 637,784 shares in the last quarter. FMR LLC boosted its stake in shares of CF Industries by 6.6% in the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company’s stock worth $753,429,000 after acquiring an additional 543,876 shares during the last quarter. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new stake in shares of CF Industries during the fourth quarter worth approximately $37,247,000. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in CF Industries by 459.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 435,352 shares of the basic materials company’s stock valued at $36,583,000 after purchasing an additional 357,531 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CF has been the topic of several recent research reports. Scotiabank raised shares of CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 target price on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada lowered their price target on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective for the company in a research note on Monday, February 24th. Oppenheimer lowered shares of CF Industries from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 22nd. Finally, Morgan Stanley lowered their target price on CF Industries from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $90.21.

CF Industries Stock Down 0.1%

Shares of NYSE CF opened at $92.16 on Friday. The company has a market capitalization of $15.62 billion, a P/E ratio of 13.61, a P/E/G ratio of 0.37 and a beta of 0.97. 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 company has a 50 day simple moving average of $81.38 and a 200-day simple moving average of $83.92. CF Industries Holdings, Inc. has a 1 year low of $67.34 and a 1 year high of $98.25.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.38. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.53 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. On average, equities research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.17%. CF Industries’s payout ratio is currently 26.35%.

CF Industries announced that its board has authorized a stock buyback plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to buy up to 14.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board 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.