Harbor Investment Advisory LLC Has $224,000 Position in CF Industries Holdings, Inc. (NYSE:CF)

Harbor Investment Advisory LLC reduced its position in shares of CF Industries Holdings, Inc. (NYSE:CFFree Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,817 shares of the basic materials company’s stock after selling 199 shares during the quarter. Harbor Investment Advisory LLC’s holdings in CF Industries were worth $224,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in CF Industries by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 25,747,358 shares of the basic materials company’s stock valued at $2,653,523,000 after purchasing an additional 94,482 shares during the period. Bank of New York Mellon Corp raised its stake in CF Industries by 34.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,213,654 shares of the basic materials company’s stock valued at $447,019,000 after purchasing an additional 1,329,677 shares during the period. Geode Capital Management LLC raised its stake in CF Industries by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 4,662,248 shares of the basic materials company’s stock valued at $340,437,000 after purchasing an additional 117,827 shares during the period. Morgan Stanley increased its stake in shares of CF Industries by 101.0% in the fourth quarter. Morgan Stanley now owns 4,014,385 shares of the basic materials company’s stock worth $342,026,000 after acquiring an additional 2,017,325 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of CF Industries by 4.3% in the third quarter. Northern Trust Corp now owns 3,644,100 shares of the basic materials company’s stock worth $312,445,000 after acquiring an additional 151,148 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Performance

NYSE:CF opened at $80.87 on Friday. CF Industries Holdings, Inc. has a 1 year low of $60.08 and a 1 year high of $87.90. The firm has a 50 day moving average of $81.21 and a 200-day moving average of $80.01. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $15.18 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03.

CF Industries (NYSE:CFGet Free Report) last posted its earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.51 billion. CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The business’s revenue was down 39.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.35 EPS. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.85 EPS for the current fiscal year.

CF Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.47%. This is a positive change from CF Industries’s previous quarterly dividend of $0.40. CF Industries’s dividend payout ratio (DPR) is currently 25.51%.

Insider Activity at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the sale, the executive vice president now owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Piper Sandler cut shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $87.00 to $82.00 in a report on Thursday, February 29th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of CF Industries in a report on Friday, February 16th. Bank of America restated a “neutral” rating and set a $88.00 price target (down from $96.00) on shares of CF Industries in a report on Wednesday. Barclays upgraded shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price target for the company in a report on Friday, January 12th. Finally, UBS Group cut shares of CF Industries from a “buy” rating to a “neutral” rating and decreased their price target for the company from $95.00 to $83.00 in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $89.20.

Get Our Latest Stock Report on CF

CF Industries Company Profile

(Free Report)

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.

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

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