Investors Research Corp Sells 977 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Investors Research Corp cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,990 shares of the basic materials company’s stock after selling 977 shares during the period. Investors Research Corp’s holdings in CF Industries were worth $2,303,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. bought a new position in shares of CF Industries during the 3rd quarter worth about $1,153,000. Fiera Capital Corp bought a new position in shares of CF Industries in the third quarter worth about $494,000. Verdence Capital Advisors LLC bought a new position in shares of CF Industries in the third quarter worth about $260,000. Kerusso Capital Management LLC bought a new stake in shares of CF Industries during the third quarter worth approximately $1,527,000. Finally, Covestor Ltd grew its holdings in CF Industries by 14.3% during the third quarter. Covestor Ltd now owns 4,129 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 516 shares during the period. 93.06% of the stock is owned by institutional investors.

CF Industries Stock Up 0.9 %

CF stock opened at $77.28 on Monday. The stock has a market cap of $13.10 billion, a P/E ratio of 11.42, a PEG ratio of 0.37 and a beta of 0.99. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $86.43 and its 200-day moving average price is $85.48. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $98.25.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. On average, equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s payout ratio is presently 29.54%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CF. UBS Group reduced their price target on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Royal Bank of Canada decreased their price target on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Scotiabank reduced their price target on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating on the stock in a research note on Monday, February 24th. Oppenheimer reduced 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. Finally, Piper Sandler raised their price objective on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and an average target price of $90.15.

Insider Buying and Selling

In other news, VP Ashraf K. Malik sold 8,889 shares of the firm’s 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 sale, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the sale, the executive vice president now owns 92,486 shares of the company’s stock, valued at $8,878,656. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,889 shares of company stock valued at $1,130,955 over the last three months. 0.42% of the stock is owned by company insiders.

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.