Tobam Sells 10,713 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Tobam lessened its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 91.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,036 shares of the basic materials company’s stock after selling 10,713 shares during the period. Tobam’s holdings in CF Industries were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in shares of CF Industries by 15.1% in the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after purchasing an additional 549,569 shares during the period. International Assets Investment Management LLC grew its stake in CF Industries by 7,617.5% in the 3rd quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after buying an additional 431,910 shares during the last quarter. Barclays PLC raised its holdings in CF Industries by 68.9% in the 3rd quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock valued at $63,263,000 after acquiring an additional 300,873 shares during the period. FMR LLC lifted its position in CF Industries by 3.8% during the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after acquiring an additional 300,050 shares during the last quarter. Finally, Yaupon Capital Management LP bought a new stake in shares of CF Industries during the third quarter worth approximately $17,437,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Insider Activity at CF Industries

In other news, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the transaction, the vice president now owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 3,500 shares of CF Industries stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the sale, the executive vice president now directly owns 62,768 shares in the company, valued at $5,828,636.48. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,389 shares of company stock valued at $2,355,425 over the last ninety days. 0.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CF has been the topic of a number of recent research reports. Piper Sandler increased their target price on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Oppenheimer decreased their price target on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. UBS Group lifted their price objective on shares of CF Industries from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Redburn Atlantic began coverage on shares of CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.43.

CF Industries Stock Performance

Shares of NYSE:CF opened at $83.96 on Friday. The company’s 50 day simple moving average is $89.44 and its 200 day simple moving average is $84.91. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25. The stock has a market capitalization of $14.61 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.74 and a beta of 0.97.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.38%. CF Industries’s dividend payout ratio (DPR) is currently 31.65%.

About CF Industries

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.