Huntington National Bank Acquires 486 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Huntington National Bank lifted its stake in CF Industries Holdings, Inc. (NYSE:CF) by 63.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,246 shares of the basic materials company’s stock after acquiring an additional 486 shares during the period. Huntington National Bank’s holdings in CF Industries were worth $106,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Heck Capital Advisors LLC bought a new position in CF Industries in the 4th quarter worth about $34,000. Creative Financial Designs Inc. ADV increased its position in shares of CF Industries by 50.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock valued at $41,000 after buying an additional 161 shares during the period. Asset Planning Inc purchased a new stake in shares of CF Industries in the fourth quarter worth about $44,000. Brooklyn Investment Group boosted its position in shares of CF Industries by 26.9% in the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 122 shares during the period. Finally, Arlington Trust Co LLC grew its stake in CF Industries by 422.0% during the fourth quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 460 shares in the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Susan L. Menzel sold 1,500 shares of CF Industries 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 directly owns 92,486 shares of the company’s stock, valued at $8,878,656. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction on Monday, January 13th. The shares were 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 $1,507,745. The trade was a 35.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,889 shares of company stock valued at $1,130,955. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

CF has been the topic of several recent analyst reports. UBS Group lowered their target price on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada lowered their price objective on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Oppenheimer reduced their target price on CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Finally, Scotiabank dropped their price target on CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $89.86.

CF Industries Stock Down 8.7 %

Shares of NYSE CF opened at $72.91 on Monday. The stock has a market capitalization of $12.36 billion, a P/E ratio of 10.77, a PEG ratio of 0.37 and a beta of 0.84. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $98.25. The firm’s 50 day simple moving average is $80.94 and its two-hundred day simple moving average is $85.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

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

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.