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

Inspire Investing LLC increased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 239.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 14,574 shares of the basic materials company’s stock after buying an additional 10,283 shares during the quarter. Inspire Investing LLC’s holdings in CF Industries were worth $1,892,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on CF shares. Mizuho increased their price objective on CF Industries from $100.00 to $105.00 and gave the company an “underperform” rating in a report on Tuesday, March 31st. Morgan Stanley boosted their target price on CF Industries from $95.00 to $135.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. BNP Paribas Exane dropped their price target on CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Scotiabank raised CF Industries from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $120.00 to $125.00 in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $118.50.

CF Industries Trading Up 2.7%

Shares of CF Industries stock opened at $108.23 on Wednesday. The company’s 50-day moving average price is $115.92 and its 200-day moving average price is $106.08. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96. The company has a market cap of $16.63 billion, a price-to-earnings 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 EPS for the quarter, beating the consensus estimate of $2.63 by $1.35. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.84 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. CF Industries’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.85 earnings per share. On average, equities analysts expect that CF Industries Holdings, Inc. will post 15.6 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 15th. CF Industries’s dividend payout ratio (DPR) is presently 17.97%.

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.