Quantessence Capital LLC Purchases Shares of 5,232 CF Industries Holdings, Inc. (NYSE:CF)

Quantessence Capital LLC acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,232 shares of the basic materials company's stock, valued at approximately $446,000.

Several other institutional investors have also recently modified their holdings of CF. Checchi Capital Advisers LLC increased its position in CF Industries by 4.3% during the fourth quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company's stock worth $221,000 after buying an additional 108 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position 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 purchasing an additional 120 shares in the last quarter. Brooklyn Investment Group increased its position 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 purchasing an additional 122 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in CF Industries by 1.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company's stock valued at $602,000 after purchasing an additional 126 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in CF Industries by 2.3% in the 4th quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company's stock valued at $482,000 after purchasing an additional 127 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Price Performance

CF opened at $75.60 on Wednesday. The company has a 50 day moving average of $76.48 and a two-hundred day moving average of $83.78. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $98.25. 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 company has a market cap of $12.82 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.37 and a beta of 0.84.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. On average, analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries's dividend payout ratio (DPR) is 29.54%.

Wall Street Analyst Weigh In

CF has been the subject of a number of analyst reports. Barclays cut their price objective on shares of CF Industries from $95.00 to $87.00 and set an "equal weight" rating for the company in a research report on Tuesday. The Goldman Sachs Group assumed coverage on CF Industries in a report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 price target for the company. Piper Sandler lifted their price objective on CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. BNP Paribas upgraded CF Industries to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Scotiabank upgraded CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price target for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $89.29.

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.

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