Inspire Investing LLC Acquires 10,283 Shares of CF Industries Holdings, Inc. $CF

Inspire Investing LLC increased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 239.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,574 shares of the basic materials company’s stock after purchasing an additional 10,283 shares during the period. Inspire Investing LLC’s holdings in CF Industries were worth $1,892,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of CF Industries by 10.6% during the 3rd quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock worth $449,742,000 after buying an additional 480,126 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CF Industries by 37.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock valued at $333,501,000 after acquiring an additional 1,178,516 shares during the period. Boston Partners lifted its position in shares of CF Industries by 15.3% during the 3rd quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock valued at $321,852,000 after acquiring an additional 476,769 shares during the period. Invesco Ltd. boosted its stake in CF Industries by 12.0% during the fourth quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock worth $276,123,000 after acquiring an additional 381,716 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in CF Industries by 1.9% during the third quarter. Ameriprise Financial Inc. now owns 3,351,194 shares of the basic materials company’s stock worth $300,602,000 after acquiring an additional 63,938 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Performance

Shares of CF stock opened at $108.23 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. The firm has a 50-day moving average of $115.92 and a 200-day moving average of $106.08. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The company has a market cap of $16.63 billion, a P/E ratio of 9.72 and a beta of 0.38.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.84 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 EPS. Equities research analysts forecast that CF Industries Holdings, Inc. will post 15.6 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. CF Industries’s dividend payout ratio is currently 17.97%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Mizuho lifted their price target on shares of CF Industries from $100.00 to $105.00 and gave the company an “underperform” rating in a research note on Tuesday, March 31st. BMO Capital Markets reduced their target price on CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday. Royal Bank Of Canada boosted their target price on CF Industries from $100.00 to $125.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 7th. Barclays upped their price target on CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, JPMorgan Chase & Co. increased their price target on CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $118.50.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.