CF Industries Holdings, Inc. (NYSE:CF) Stock Position Lowered by Renaissance Technologies LLC

Renaissance Technologies LLC cut its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 378,600 shares of the basic materials company's stock after selling 36,600 shares during the quarter. Renaissance Technologies LLC owned approximately 0.22% of CF Industries worth $32,302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new stake in shares of CF Industries in the 4th quarter worth $74,000. Korea Investment CORP boosted its stake in shares of CF Industries by 88.5% in the fourth quarter. Korea Investment CORP now owns 150,374 shares of the basic materials company's stock valued at $12,830,000 after buying an additional 70,585 shares in the last quarter. National Pension Service raised its position in CF Industries by 2,848.4% in the fourth quarter. National Pension Service now owns 290,384 shares of the basic materials company's stock worth $24,776,000 after acquiring an additional 280,535 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in CF Industries in the fourth quarter valued at $51,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of CF Industries by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company's stock worth $494,202,000 after purchasing an additional 225,109 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of CF Industries from a "neutral" rating to an "underweight" rating and cut their price target for the company from $82.00 to $75.00 in a report on Friday, January 24th. Bank of America raised 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. Morgan Stanley dropped their price objective on CF Industries from $85.00 to $80.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Piper Sandler raised their price target on CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Finally, UBS Group decreased their price objective on shares of CF Industries from $90.00 to $79.00 and set a "neutral" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $88.47.

CF Industries Stock Performance

CF Industries stock traded up $1.07 during mid-day trading on Thursday, hitting $75.17. 619,882 shares of the company's stock traded hands, compared to its average volume of 2,099,326. The company has a market cap of $12.74 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $98.25. The firm has a 50 day moving average price of $77.16 and a 200 day moving average price of $84.17.

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

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries's payout ratio is 29.54%.

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.