Tobam Sells 615 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Tobam lessened its position in CF Industries Holdings, Inc. (NYSE:CF) by 59.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 421 shares of the basic materials company’s stock after selling 615 shares during the quarter. Tobam’s holdings in CF Industries were worth $33,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CF. Curat Global LLC bought a new position in CF Industries in the first quarter valued at $25,000. Mizuho Bank Ltd. bought a new position in CF Industries in the fourth quarter valued at $26,000. Heck Capital Advisors LLC bought a new position in shares of CF Industries during the fourth quarter valued at about $34,000. Creative Financial Designs Inc. ADV grew its stake in shares of 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 valued at $41,000 after buying an additional 161 shares during the last quarter. Finally, Asset Planning Inc bought a new position in shares of CF Industries during the fourth quarter valued at about $44,000. Institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

CF has been the topic of a number of recent research reports. Wolfe Research cut CF Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday. Morgan Stanley dropped their target price on shares of CF Industries from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. BNP Paribas upgraded shares of CF Industries to a “strong-buy” rating in a report on Wednesday, April 9th. Scotiabank upgraded shares of CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 target price for the company in a report on Wednesday, April 9th. Finally, Royal Bank of Canada dropped their target price on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eleven 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, CF Industries presently has a consensus rating of “Hold” and an average price target of $90.21.

CF Industries Price Performance

CF stock opened at $99.93 on Friday. The firm has a 50 day moving average price of $83.41 and a 200-day moving average price of $84.11. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $100.48. The firm has a market capitalization of $16.94 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.37 and a beta of 0.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08.

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

CF Industries Announces Dividend

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

CF Industries announced that its Board of Directors has authorized a share repurchase 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 purchase up to 14.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

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.