CF Industries Holdings, Inc. (NYSE:CF) Position Trimmed by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 23.9% during the fourth quarter, HoldingsChannel reports. The fund owned 33,400 shares of the basic materials company’s stock after selling 10,500 shares during the quarter. Bridgeway Capital Management LLC’s holdings in CF Industries were worth $2,850,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Brevan Howard Capital Management LP raised its holdings in shares of CF Industries by 500.7% during the 4th quarter. Brevan Howard Capital Management LP now owns 20,039 shares of the basic materials company’s stock valued at $1,710,000 after purchasing an additional 16,703 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of CF Industries by 39.4% in the fourth quarter. Captrust Financial Advisors now owns 13,442 shares of the basic materials company’s stock worth $1,147,000 after buying an additional 3,801 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of CF Industries by 2.3% during the 4th quarter. Baird Financial Group Inc. now owns 140,946 shares of the basic materials company’s stock valued at $12,026,000 after acquiring an additional 3,234 shares during the last quarter. Algert Global LLC acquired a new stake in CF Industries in the 4th quarter worth approximately $1,220,000. Finally, Ameriprise Financial Inc. boosted its position in CF Industries by 29.4% during the fourth quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company’s stock worth $239,299,000 after purchasing an additional 637,784 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Scotiabank upgraded shares of CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 price objective for the company in a research note on Wednesday, April 9th. Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price for the company in a research report on Monday, February 24th. UBS Group raised their price target on CF Industries from $79.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday. BNP Paribas raised CF Industries to a “strong-buy” rating in a research report on Wednesday, April 9th. 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 analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $89.50.

CF Industries Trading Up 0.7 %

Shares of CF stock opened at $81.24 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. The firm has a fifty day moving average of $76.32 and a 200-day moving average of $83.24. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $98.25. The stock has a market cap of $13.77 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 0.37 and a beta of 0.94.

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

CF Industries announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 7th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the basic materials company to buy up to 14.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

CF Industries Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.46%. CF Industries’s payout ratio is presently 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.