NewSquare Capital LLC Has $7.48 Million Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

NewSquare Capital LLC trimmed its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,669 shares of the basic materials company’s stock after selling 476 shares during the period. NewSquare Capital LLC owned approximately 0.06% of CF Industries worth $7,477,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CF. Korea Investment CORP raised its holdings in CF Industries by 88.5% during the 4th quarter. Korea Investment CORP now owns 150,374 shares of the basic materials company’s stock worth $12,830,000 after purchasing an additional 70,585 shares during the last quarter. National Pension Service grew its position in shares of CF Industries by 2,848.4% during the 4th quarter. National Pension Service now owns 290,384 shares of the basic materials company’s stock worth $24,776,000 after buying an additional 280,535 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of CF Industries during the fourth quarter worth approximately $51,000. Charles Schwab Investment Management Inc. lifted its holdings 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 during the period. Finally, American Century Companies Inc. boosted its stake in CF Industries by 8.0% in the fourth quarter. American Century Companies Inc. now owns 327,654 shares of the basic materials company’s stock valued at $27,955,000 after acquiring an additional 24,135 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. BNP Paribas raised CF Industries to a “strong-buy” rating in a research note on Wednesday, April 9th. Wells Fargo & Company increased their price target on shares of CF Industries from $96.00 to $98.00 and gave the company an “overweight” rating in a research report on Monday, May 12th. The Goldman Sachs Group began coverage on shares of CF Industries in a report on Thursday, March 13th. They set a “neutral” rating and a $86.00 price objective for the company. Royal Bank of Canada cut their target price on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Finally, Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently 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 Monday. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 0.37 and a beta of 0.97. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $98.25. The firm has a fifty day moving average price of $81.38 and a two-hundred day moving average price of $83.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52.

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

CF Industries Announces Dividend

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

CF Industries announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 7th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to purchase up to 14.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership 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.