Nuveen Asset Management LLC raised its stake in CF Industries Holdings, Inc. (NYSE:CF) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 671,512 shares of the basic materials company’s stock after buying an additional 52,876 shares during the quarter. Nuveen Asset Management LLC owned about 0.29% of CF Industries worth $29,217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund increased its stake in shares of CF Industries by 4,197.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,101,238 shares of the basic materials company’s stock worth $25,000 after buying an additional 1,075,614 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of CF Industries by 27.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,800,856 shares of the basic materials company’s stock worth $208,884,000 after buying an additional 1,047,650 shares during the period. BlackRock Inc. increased its stake in shares of CF Industries by 4.8% during the fourth quarter. BlackRock Inc. now owns 20,782,498 shares of the basic materials company’s stock worth $904,247,000 after buying an additional 960,630 shares during the period. Geode Capital Management LLC increased its stake in shares of CF Industries by 27.4% during the fourth quarter. Geode Capital Management LLC now owns 4,022,001 shares of the basic materials company’s stock worth $174,768,000 after buying an additional 865,928 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of CF Industries by 10.0% during the fourth quarter. Bank of New York Mellon Corp now owns 9,447,948 shares of the basic materials company’s stock worth $411,081,000 after buying an additional 862,184 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of CF opened at $41.59 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.37 and a current ratio of 1.81. The company has a market cap of $9.27 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. CF Industries Holdings, Inc. has a 12-month low of $35.70 and a 12-month high of $56.51.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, February 13th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.30). The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.22 billion. CF Industries had a return on equity of 4.66% and a net margin of 6.55%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) earnings per share. Analysts anticipate that CF Industries Holdings, Inc. will post 2.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Friday, February 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.89%. CF Industries’s dividend payout ratio (DPR) is presently 96.77%.

A number of research firms recently weighed in on CF. Zacks Investment Research lowered shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. ValuEngine upgraded shares of CF Industries from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Cowen restated an “outperform” rating and set a $62.00 target price (down from $68.00) on shares of CF Industries in a research note on Wednesday, March 6th. Stephens upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 19th. Finally, Barclays restated a “neutral” rating on shares of CF Industries in a research note on Friday, February 15th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $51.25.

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CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

Further Reading: Reverse Stock Split

Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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