Shell Asset Management Co. Has $1.23 Million Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Shell Asset Management Co. decreased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,400 shares of the basic materials company’s stock after selling 182 shares during the quarter. Shell Asset Management Co.’s holdings in CF Industries were worth $1,229,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Checchi Capital Advisers LLC boosted its stake in CF Industries by 4.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company’s stock worth $221,000 after acquiring an additional 108 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in CF Industries by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company’s stock worth $495,000 after acquiring an additional 120 shares during the last quarter. Brooklyn Investment Group boosted its stake in CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 122 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in CF Industries by 1.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company’s stock worth $602,000 after acquiring an additional 126 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in CF Industries by 4.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 126 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of CF stock opened at $87.79 on Friday. The company’s fifty day simple moving average is $77.40 and its 200-day simple moving average is $83.36. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The firm has a market cap of $14.88 billion, a PE ratio of 12.97, a P/E/G ratio of 0.37 and a beta of 0.94. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $98.25.

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

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

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.28%. The ex-dividend date is Thursday, May 15th. CF Industries’s dividend payout ratio (DPR) is currently 26.35%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of CF Industries from $79.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Oppenheimer lowered shares of CF Industries from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 22nd. Wells Fargo & Company lifted their price target on shares of CF Industries from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. Scotiabank raised shares of CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 price target on the stock in a research note on Wednesday, April 9th. Finally, Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target on the stock in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $90.21.

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.