GAM Holding AG Purchases 1,664 Shares of CF Industries Holdings, Inc. (NYSE:CF)

GAM Holding AG boosted its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 21.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 9,519 shares of the basic materials company’s stock after acquiring an additional 1,664 shares during the quarter. GAM Holding AG’s holdings in CF Industries were worth $744,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CF. Sanctuary Advisors LLC raised its stake in shares of CF Industries by 11.4% during the fourth quarter. Sanctuary Advisors LLC now owns 18,874 shares of the basic materials company’s stock valued at $1,740,000 after acquiring an additional 1,935 shares during the last quarter. Truist Financial Corp grew its stake in shares of CF Industries by 13.6% in the fourth quarter. Truist Financial Corp now owns 8,468 shares of the basic materials company’s stock worth $722,000 after purchasing an additional 1,011 shares during the last quarter. D.A. Davidson & CO. purchased a new position in CF Industries during the 4th quarter valued at about $475,000. Ieq Capital LLC raised its position in CF Industries by 544.4% during the 4th quarter. Ieq Capital LLC now owns 20,091 shares of the basic materials company’s stock valued at $1,714,000 after purchasing an additional 16,973 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in CF Industries by 30.5% in the 4th quarter. Allianz Asset Management GmbH now owns 827,407 shares of the basic materials company’s stock worth $70,594,000 after buying an additional 193,487 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Trading Down 0.2%

NYSE:CF opened at $100.14 on Friday. The firm has a market capitalization of $16.98 billion, a P/E ratio of 13.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.59 and a quick ratio of 2.22. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $104.45. The company’s 50-day simple moving average is $86.46 and its 200 day simple moving average is $84.42.

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 21.80% and a return on equity of 17.39%. 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. As a group, analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, May 15th. CF Industries’s dividend payout ratio (DPR) is 26.35%.

CF Industries declared that its Board of Directors has authorized a stock 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 repurchase up to 14.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CF. Bank of America raised CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price on the stock in a research note on Monday, February 24th. Scotiabank raised shares of CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 price objective on the stock in a research report on Wednesday, April 9th. Wolfe Research lowered shares of CF Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 12th. The Goldman Sachs Group initiated coverage on shares of CF Industries in a research note on Thursday, March 13th. They set a “neutral” rating and a $86.00 target price on the stock. Finally, Barclays boosted their price target on shares of CF Industries from $87.00 to $91.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $90.21.

About CF Industries

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.