Manning & Napier Advisors LLC Sells 16,864 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Manning & Napier Advisors LLC lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 38.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,540 shares of the basic materials company’s stock after selling 16,864 shares during the period. Manning & Napier Advisors LLC’s holdings in CF Industries were worth $2,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brooklyn Investment Group grew its stake in CF Industries by 26.9% during 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 in the last quarter. Ballentine Partners LLC grew its stake in CF Industries by 2.3% in the 4th quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company’s stock worth $482,000 after buying an additional 127 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in CF Industries by 4.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,883 shares of the basic materials company’s stock worth $247,000 after buying an additional 135 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in CF Industries by 0.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock worth $2,004,000 after buying an additional 179 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in CF Industries by 3.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,410 shares of the basic materials company’s stock worth $722,000 after buying an additional 245 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Insider Transactions at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the transaction, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ashraf K. Malik sold 7,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total transaction of $635,460.00. Following the completion of the transaction, the vice president now directly owns 22,211 shares in the company, valued at $2,016,314.58. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,389 shares of company stock worth $2,355,425 over the last three months. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on CF. Royal Bank of Canada cut shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target for the company. in a research note on Tuesday, January 21st. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a report on Wednesday, October 16th. Oppenheimer lowered their price objective on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Tuesday. Scotiabank restated a “sector underperform” rating and issued a $88.00 price objective on shares of CF Industries in a report on Friday, January 24th. Finally, Piper Sandler boosted their price objective on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $92.43.

CF Industries Stock Down 0.3 %

NYSE:CF opened at $92.22 on Friday. The firm has a 50-day simple moving average of $89.35 and a two-hundred day simple moving average of $84.18. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The firm has a market cap of $16.05 billion, a P/E ratio of 14.59, a P/E/G ratio of 0.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts predict that CF Industries Holdings, Inc. will post 6.37 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.17%. CF Industries’s dividend payout ratio is presently 31.65%.

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.