RPG Investment Advisory LLC Lowers Stake in CF Industries Holdings, Inc. (NYSE:CF)

RPG Investment Advisory LLC reduced its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,934 shares of the basic materials company’s stock after selling 892 shares during the quarter. CF Industries accounts for approximately 1.4% of RPG Investment Advisory LLC’s investment portfolio, making the stock its 28th biggest holding. RPG Investment Advisory LLC owned approximately 0.07% of CF Industries worth $10,574,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CF. Central Pacific Bank Trust Division purchased a new position in CF Industries in the 4th quarter valued at about $74,000. Kingsview Wealth Management LLC purchased a new position in CF Industries in the 3rd quarter valued at about $3,149,000. AMG National Trust Bank purchased a new position in CF Industries in the 3rd quarter valued at about $887,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in CF Industries by 14.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,807 shares of the basic materials company’s stock valued at $14,543,000 after buying an additional 21,632 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in CF Industries by 118.7% in the 3rd quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company’s stock valued at $1,372,000 after buying an additional 8,679 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Stock Down 2.9 %

Shares of NYSE CF opened at $77.90 on Monday. The company has a 50 day simple moving average of $87.91 and a 200-day simple moving average of $85.67. The company has a market capitalization of $13.56 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.37 and a beta of 0.98. 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 Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25.

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

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.57%. CF Industries’s payout ratio is currently 29.54%.

Insider Buying and Selling

In related news, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 3,500 shares of the 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 transaction, the executive vice president now directly owns 62,768 shares of the company’s stock, valued at $5,828,636.48. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,389 shares of company stock valued at $1,455,965. Company insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lowered shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target on the stock. in a research note on Tuesday, January 21st. Piper Sandler raised their price target on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Scotiabank reiterated a “sector underperform” rating and issued a $88.00 price objective on shares of CF Industries in a report on Friday, January 24th. UBS Group cut their price objective on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Barclays downgraded shares of CF Industries from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $96.00 to $100.00 in a report on Tuesday, January 21st. Three 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 data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $92.29.

CF Industries Company 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.