National Bank of Canada FI Raises Stake in CF Industries Holdings, Inc. (NYSE:CF)

National Bank of Canada FI lifted its stake in CF Industries Holdings, Inc. (NYSE:CF) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,575 shares of the basic materials company’s stock after purchasing an additional 6,191 shares during the period. National Bank of Canada FI’s holdings in CF Industries were worth $11,140,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its stake in shares of CF Industries by 16.8% during the 3rd quarter. Cerity Partners LLC now owns 10,051 shares of the basic materials company’s stock worth $862,000 after acquiring an additional 1,449 shares in the last quarter. Townsquare Capital LLC acquired a new position in CF Industries during the third quarter worth $373,000. Public Sector Pension Investment Board boosted its position in CF Industries by 17.1% during the third quarter. Public Sector Pension Investment Board now owns 7,514 shares of the basic materials company’s stock worth $645,000 after purchasing an additional 1,100 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in CF Industries by 9.8% in the third quarter. Integrated Wealth Concepts LLC now owns 3,295 shares of the basic materials company’s stock valued at $283,000 after purchasing an additional 294 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of CF Industries in the third quarter valued at $2,008,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Insider Buying and Selling

In other news, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the transaction, the executive vice president now owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the sale, the vice president now directly owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,889 shares of company stock valued at $1,130,955. 0.42% of the stock is currently owned by company insiders.

CF Industries Stock Performance

NYSE CF opened at $72.91 on Friday. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $12.36 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84. The business’s 50-day moving average price is $80.94 and its 200 day moving average price is $85.03. 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 released its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. On average, research analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.74%. CF Industries’s payout ratio is 29.54%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CF. The Goldman Sachs Group assumed coverage on shares of CF Industries in a research report on Thursday, March 13th. They issued a “neutral” rating and a $86.00 price objective on the stock. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target on the stock in a research report on Monday, February 24th. Piper Sandler lifted their price objective on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Finally, Barclays cut their price target on CF Industries from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus target price of $89.86.

CF Industries 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.