ProShare Advisors LLC Has $2.66 Million Holdings in CF Industries Holdings, Inc. (NYSE:CF)

ProShare Advisors LLC raised its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,126 shares of the basic materials company’s stock after acquiring an additional 1,034 shares during the period. ProShare Advisors LLC’s holdings in CF Industries were worth $2,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CF. FMR LLC lifted its holdings in shares of CF Industries by 6.6% during the 4th 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 period. Charles Schwab Investment Management Inc. boosted its position in CF Industries by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock valued at $494,202,000 after buying an additional 225,109 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of CF Industries by 7.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company’s stock worth $382,901,000 after buying an additional 299,173 shares during the last quarter. First Trust Advisors LP grew its stake in shares of CF Industries by 3.5% during the fourth quarter. First Trust Advisors LP now owns 4,425,518 shares of the basic materials company’s stock worth $377,585,000 after buying an additional 150,461 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of CF Industries by 7.0% during the fourth quarter. Boston Partners now owns 3,316,616 shares of the basic materials company’s stock worth $283,044,000 after buying an additional 216,395 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of CF Industries stock opened at $87.91 on Wednesday. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $98.25. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $77.82 and a two-hundred day moving average price of $83.43. The company has a market cap of $14.90 billion, a P/E ratio of 12.99, a PEG ratio of 0.37 and a beta of 0.94.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.38. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.53 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. CF Industries’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. As a group, analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

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

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, May 15th. CF Industries’s dividend payout ratio is presently 26.35%.

Wall Street Analyst Weigh In

CF has been the topic of several recent research reports. Piper Sandler raised their price objective on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, January 27th. UBS Group increased their target price on CF Industries from $79.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. BNP Paribas raised CF Industries to a “strong-buy” rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. cut CF Industries from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Finally, Wells Fargo & Company raised their price objective on shares of CF Industries from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Monday, May 12th. One 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.21.

CF Industries 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.