Hennessy Advisors Inc. Grows Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Hennessy Advisors Inc. grew its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 14.4% during the first quarter, HoldingsChannel.com reports. The firm owned 35,000 shares of the basic materials company’s stock after acquiring an additional 4,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in CF Industries were worth $2,912,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its holdings in shares of CF Industries by 926.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company’s stock valued at $15,751,000 after acquiring an additional 165,808 shares in the last quarter. Comerica Bank increased its stake in CF Industries by 133.8% during the 3rd quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock valued at $4,677,000 after purchasing an additional 31,215 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new position in shares of CF Industries in the fourth quarter worth $1,627,000. Raymond James & Associates grew its holdings in shares of CF Industries by 25.4% during the fourth quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock valued at $10,608,000 after buying an additional 27,027 shares during the last quarter. Finally, Duality Advisers LP increased its position in shares of CF Industries by 189.3% in the 4th quarter. Duality Advisers LP now owns 23,713 shares of the basic materials company’s stock valued at $1,885,000 after acquiring an additional 15,517 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Trading Down 1.0 %

Shares of CF stock traded down $0.76 on Friday, reaching $74.00. 1,173,667 shares of the stock were exchanged, compared to its average volume of 2,376,191. The stock has a market cap of $13.53 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 2.41 and a beta of 1.00. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $76.65 and a two-hundred day moving average of $78.63. CF Industries Holdings, Inc. has a 1-year low of $67.97 and a 1-year high of $87.90.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the company earned $2.85 earnings per share. The company’s quarterly revenue was down 26.9% on a year-over-year basis. On average, research analysts anticipate that CF Industries Holdings, Inc. will post 5.26 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.70%. CF Industries’s dividend payout ratio (DPR) is 33.22%.

Wall Street Analysts Forecast Growth

CF has been the topic of a number of recent research reports. Berenberg Bank upped their target price on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Bank of America reissued a “neutral” rating and set a $88.00 target price (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Scotiabank decreased their target price on CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Monday, May 6th. Piper Sandler cut their price target on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 7th. Finally, BMO Capital Markets cut their target price on CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.00.

CF Industries Company Profile

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.