Thomist Capital Management LP Takes Position in CF Industries Holdings, Inc. (NYSE:CF)

Thomist Capital Management LP bought a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 131,700 shares of the basic materials company’s stock, valued at approximately $11,074,000. CF Industries accounts for 2.7% of Thomist Capital Management LP’s portfolio, making the stock its 11th biggest position.

Other institutional investors also recently modified their holdings of the company. Mizuho Bank Ltd. bought a new stake in CF Industries during the fourth quarter worth about $26,000. Heck Capital Advisors LLC bought a new stake in CF Industries during the fourth quarter worth about $34,000. Creative Financial Designs Inc. ADV lifted its position in CF Industries by 50.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 161 shares during the period. Asset Planning Inc bought a new position in shares of CF Industries in the fourth quarter worth about $44,000. Finally, Brooklyn Investment Group lifted its holdings in shares of CF Industries by 26.9% in the fourth 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. Institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

CF opened at $87.79 on Friday. 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 market capitalization of $14.88 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 0.37 and a beta of 0.94. The firm’s fifty day moving average price is $77.40 and its two-hundred day moving average price is $83.36. 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 results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share 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 the consensus estimate of $1.53 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. As a group, analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

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

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

Analyst Ratings Changes

A number of research analysts have recently commented on CF shares. Barclays increased their target price on shares of CF Industries from $87.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target on the stock in a report on Monday, February 24th. Oppenheimer lowered shares of CF Industries from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 22nd. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $82.00 to $75.00 in a research report on Friday, January 24th. Finally, Piper Sandler increased their target price on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $90.21.

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.