Jennison Associates LLC Purchases 1,735 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Jennison Associates LLC increased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,518 shares of the basic materials company’s stock after buying an additional 1,735 shares during the quarter. Jennison Associates LLC’s holdings in CF Industries were worth $8,114,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. SYSTM Wealth Solutions LLC boosted its position in shares of CF Industries by 24.0% in the first quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 153 shares during the period. Czech National Bank raised its holdings in CF Industries by 0.5% during the first quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock valued at $2,797,000 after acquiring an additional 153 shares during the period. Wahed Invest LLC lifted its position in shares of CF Industries by 4.9% in the fourth quarter. Wahed Invest LLC now owns 3,281 shares of the basic materials company’s stock valued at $261,000 after acquiring an additional 154 shares in the last quarter. Balentine LLC boosted its stake in shares of CF Industries by 5.9% in the fourth quarter. Balentine LLC now owns 2,914 shares of the basic materials company’s stock worth $232,000 after acquiring an additional 162 shares during the period. Finally, Raymond James Trust N.A. grew its position in shares of CF Industries by 5.3% during the fourth quarter. Raymond James Trust N.A. now owns 3,507 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 176 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CF. BMO Capital Markets cut their price objective on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Piper Sandler reduced their price target on shares of CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a report on Tuesday, May 7th. Scotiabank decreased their price target on shares of CF Industries from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Monday, May 6th. Bank of America restated a “neutral” rating and set a $88.00 price objective (down previously from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Finally, Berenberg Bank boosted their target price on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Two investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.00.

CF Industries Trading Up 0.5 %

NYSE CF traded up $0.35 on Tuesday, hitting $69.73. 1,166,646 shares of the stock were exchanged, compared to its average volume of 2,371,292. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $87.90. The firm has a market capitalization of $12.75 billion, a P/E ratio of 11.53, a P/E/G ratio of 2.22 and a beta of 0.95. The stock has a fifty day moving average price of $75.47 and a two-hundred day moving average price of $78.37.

CF Industries (NYSE:CF) last released its quarterly earnings results 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 analysts’ expectations of $1.46 billion. During the same period in the prior year, the firm posted $2.85 earnings per share. CF Industries’s revenue for the quarter was down 26.9% on a year-over-year basis. Research analysts forecast that CF Industries Holdings, Inc. will post 5.26 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Tuesday, May 14th. CF Industries’s dividend payout ratio is currently 33.22%.

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.