Allspring Global Investments Holdings LLC Sells 32,938 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 660,338 shares of the basic materials company’s stock after selling 32,938 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.38% of CF Industries worth $56,652,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC increased 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 period. Charles Schwab Investment Management Inc. increased its holdings in CF Industries by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock valued at $477,668,000 after buying an additional 22,392 shares during the period. Victory Capital Management Inc. increased its holdings in CF Industries by 15.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after buying an additional 549,569 shares during the period. Thrivent Financial for Lutherans increased its holdings in CF Industries by 10.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,300,485 shares of the basic materials company’s stock valued at $111,582,000 after buying an additional 120,193 shares during the period. Finally, AustralianSuper Pty Ltd increased its holdings in CF Industries by 2.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,093,885 shares of the basic materials company’s stock valued at $93,855,000 after buying an additional 25,701 shares during the period. 93.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CF has been the topic of several recent analyst reports. Redburn Atlantic initiated coverage on shares of CF Industries in a report on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price on the stock. Piper Sandler raised their target price 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. Royal Bank of Canada lowered shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price on the stock. in a report on Tuesday, January 21st. Barclays downgraded shares of CF Industries from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $96.00 to $100.00 in a research note on Tuesday, January 21st. Finally, UBS Group raised their price target on shares of CF Industries from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average target price of $92.43.

CF Industries Stock Up 0.3 %

Shares of NYSE CF opened at $81.44 on Friday. The company has a market capitalization of $14.17 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 0.39 and a beta of 0.98. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $98.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The company’s 50 day moving average price is $88.81 and its 200-day moving average price is $85.21.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.50 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.46%. CF Industries’s dividend payout ratio (DPR) is currently 31.65%.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value of $264,000.00. Following the transaction, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. The trade was a 2.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Susan L. Menzel sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total transaction of $325,010.00. Following the completion of the transaction, the executive vice president now owns 62,768 shares in the company, valued at $5,828,636.48. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,389 shares of company stock worth $2,355,425. Company insiders own 0.42% of the company’s stock.

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.