Fifth Third Bancorp Buys 5,159 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Posted by on Apr 7th, 2023

Fifth Third Bancorp increased its stake in CF Industries Holdings, Inc. (NYSE:CF – Get Rating) by 15.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,634 shares of the basic materials company’s stock after purchasing an additional 5,159 shares during the quarter. Fifth Third Bancorp’s holdings in CF Industries were worth $3,377,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CF. Romano Brothers AND Company bought a new stake in shares of CF Industries in the 4th quarter worth approximately $26,000. Carolinas Wealth Consulting LLC raised its holdings in CF Industries by 48.3% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 341 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 111 shares during the period. Guardian Wealth Advisors LLC bought a new stake in CF Industries during the 3rd quarter valued at $32,000. Mizuho Securities Co. Ltd. raised its holdings in CF Industries by 24.4% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 510 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Finally, Kistler Tiffany Companies LLC bought a new stake in CF Industries during the 3rd quarter valued at $38,000. Institutional investors own 92.94% of the company’s stock.

CF Industries Stock Performance

NYSE CF opened at $71.46 on Friday. The company has a 50-day simple moving average of $80.02 and a two-hundred day simple moving average of $91.62. The company has a quick ratio of 3.22, a current ratio of 3.69 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a 12-month low of $67.95 and a 12-month high of $119.60. The firm has a market cap of $14.00 billion, a price-to-earnings ratio of 4.38, a PEG ratio of 1.23 and a beta of 1.01.

CF Industries (NYSE:CF – Get Rating) last posted its quarterly earnings results on Thursday, February 16th. The basic materials company reported $4.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.13 by $0.22. CF Industries had a net margin of 29.91% and a return on equity of 48.59%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business posted $3.71 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that CF Industries Holdings, Inc. will post 9.95 EPS for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Wednesday, February 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.24%. CF Industries’s dividend payout ratio is currently 9.80%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CF. Scotiabank cut shares of CF Industries from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $118.00 to $100.00 in a report on Monday, February 13th. Credit Suisse Group reissued an “underperform” rating and set a $75.00 target price on shares of CF Industries in a report on Thursday, February 16th. Royal Bank of Canada lowered their target price on shares of CF Industries from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st. HSBC lowered shares of CF Industries from a “buy” rating to a “hold” rating and cut their target price for the stock from $104.00 to $90.00 in a research report on Tuesday, February 21st. Finally, UBS Group cut their target price on shares of CF Industries from $104.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $104.80.

CF Industries 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.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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