HighTower Advisors LLC Has $2.86 Million Holdings in CF Industries Holdings, Inc. (NYSE:CF)

HighTower Advisors LLC grew its holdings in CF Industries Holdings, Inc. (NYSE:CF – Get Rating) by 88.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,484 shares of the basic materials company’s stock after acquiring an additional 15,742 shares during the quarter. HighTower Advisors LLC’s holdings in CF Industries were worth $2,857,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Prudential PLC increased its holdings in CF Industries by 28.0% during the fourth quarter. Prudential PLC now owns 60,656 shares of the basic materials company’s stock worth $5,168,000 after buying an additional 13,284 shares during the last quarter. Machina Capital S.A.S. increased its holdings in shares of CF Industries by 103.4% in the fourth quarter. Machina Capital S.A.S. now owns 6,060 shares of the basic materials company’s stock valued at $516,000 after purchasing an additional 3,080 shares during the last quarter. Raymond James & Associates increased its holdings in shares of CF Industries by 22.1% in the fourth quarter. Raymond James & Associates now owns 140,372 shares of the basic materials company’s stock valued at $11,960,000 after purchasing an additional 25,424 shares during the last quarter. Belpointe Asset Management LLC boosted its position in shares of CF Industries by 5.5% in the fourth quarter. Belpointe Asset Management LLC now owns 3,335 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 175 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its position in shares of CF Industries by 3.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 4,238 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 125 shares during the period. 92.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. HSBC cut shares of CF Industries from a “buy” rating to a “hold” rating and cut their price objective for the stock from $104.00 to $90.00 in a research report on Tuesday, February 21st. Credit Suisse Group dropped their target price on shares of CF Industries from $75.00 to $70.00 in a report on Tuesday, May 2nd. Piper Sandler cut shares of CF Industries from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $80.00 in a report on Thursday, May 11th. The Goldman Sachs Group dropped their target price on shares of CF Industries from $126.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 19th. Finally, UBS Group dropped their target price on shares of CF Industries from $104.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.71.

CF Industries Stock Performance

NYSE:CF opened at $66.22 on Monday. The company has a market capitalization of $12.91 billion, a PE ratio of 4.43, a P/E/G ratio of 1.30 and a beta of 1.01. The company has a 50 day simple moving average of $71.74 and a two-hundred day simple moving average of $84.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.97 and a current ratio of 4.46. CF Industries Holdings, Inc. has a fifty-two week low of $63.45 and a fifty-two week high of $119.60.

CF Industries (NYSE:CF – Get Rating) last released its earnings results on Monday, May 1st. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.22. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. CF Industries had a net margin of 29.26% and a return on equity of 42.23%. The company’s revenue for the quarter was down 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.21 EPS. Research analysts anticipate that CF Industries Holdings, Inc. will post 8.41 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, May 12th. CF Industries’s payout ratio is 10.70%.

CF Industries Company Profile

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CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.