CF Industries Holdings, Inc. (NYSE:CF) Shares Bought by Fmr LLC

Fmr LLC increased its stake in CF Industries Holdings, Inc. (NYSE:CF) by 6.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,830,621 shares of the basic materials company’s stock after acquiring an additional 543,876 shares during the quarter. Fmr LLC owned about 0.05% of CF Industries worth $753,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of CF Industries during the 4th quarter worth about $131,350,000. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new position in shares of CF Industries during the fourth quarter valued at approximately $37,247,000. Skandinaviska Enskilda Banken AB publ lifted its position in shares of CF Industries by 459.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 435,352 shares of the basic materials company’s stock valued at $36,583,000 after acquiring an additional 357,531 shares in the last quarter. Barclays PLC increased its position in shares of CF Industries by 68.9% during the third quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock worth $63,263,000 after purchasing an additional 300,873 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in CF Industries by 7.1% in the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company’s stock valued at $382,901,000 after purchasing an additional 299,173 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Stock Performance

NYSE:CF opened at $72.00 on Tuesday. The stock has a market capitalization of $12.21 billion, a P/E ratio of 10.64, a PEG ratio of 0.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The company has a 50 day moving average price of $80.60 and a 200 day moving average price of $85.00.

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

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.78%. CF Industries’s dividend payout ratio is presently 29.54%.

Insider Activity

In related news, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction on Monday, January 13th. The stock was 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 directly owns 15,871 shares in the company, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $142,500.00. Following the sale, the executive vice president now owns 93,986 shares in the company, valued at approximately $8,928,670. This trade represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,889 shares of company stock valued at $1,130,955. 0.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CF shares. Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price on the stock in a research note on Monday, February 24th. Piper Sandler boosted their price target on shares of 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. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $82.00 to $75.00 in a report on Friday, January 24th. The Goldman Sachs Group initiated coverage on CF Industries in a report on Thursday, March 13th. They set a “neutral” rating and a $86.00 target price on the stock. Finally, UBS Group cut their price target on CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.