Guidance Capital Inc. Makes New $863,000 Investment in CF Industries Holdings, Inc. (NYSE:CF)

Guidance Capital Inc. acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,049 shares of the basic materials company’s stock, valued at approximately $863,000.

A number of other hedge funds have also recently added to or reduced their stakes in CF. Teachers Retirement System of The State of Kentucky increased its stake in shares of CF Industries by 926.1% in the 3rd 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 purchasing an additional 165,808 shares during the last quarter. Comerica Bank increased its stake in shares of CF Industries by 133.8% in 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 during the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new stake in CF Industries during the 4th quarter worth $1,627,000. Raymond James & Associates grew its position in CF Industries by 25.4% during the 4th quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock worth $10,608,000 after acquiring an additional 27,027 shares during the last quarter. Finally, Duality Advisers LP grew its position in CF Industries by 189.3% during the 4th quarter. Duality Advisers LP now owns 23,713 shares of the basic materials company’s stock worth $1,885,000 after acquiring an additional 15,517 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of CF stock traded down $0.64 during trading on Friday, hitting $74.12. The company’s stock had a trading volume of 2,999,612 shares, compared to its average volume of 2,356,257. The company has a market cap of $13.55 billion, a PE ratio of 12.31, a P/E/G ratio of 2.35 and a beta of 1.00. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $76.55 and a 200-day moving average of $78.66. CF Industries Holdings, Inc. has a 52 week low of $67.97 and a 52 week high of $87.90.

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

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Tuesday, May 14th. CF Industries’s dividend payout ratio is presently 33.22%.

Analysts Set New Price Targets

Several brokerages have commented on CF. Piper Sandler cut their target price on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a report on Tuesday, May 7th. 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 report on Monday, May 6th. Scotiabank cut their target price on CF Industries from $86.00 to $80.00 and set a “sector perform” rating on the stock in a report on Monday, May 6th. Berenberg Bank lifted their target price on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Finally, Bank of America reaffirmed a “neutral” rating and set a $88.00 target price (down from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $85.00.

CF Industries 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.