Securian Asset Management Inc. Reduces Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Securian Asset Management Inc. reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,301 shares of the basic materials company’s stock after selling 676 shares during the quarter. Securian Asset Management Inc.’s holdings in CF Industries were worth $794,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of CF Industries by 89.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,974 shares of the basic materials company’s stock valued at $168,000 after buying an additional 932 shares during the period. HighTower Advisors LLC increased its holdings in CF Industries by 15.5% during the 4th quarter. HighTower Advisors LLC now owns 19,414 shares of the basic materials company’s stock worth $1,656,000 after purchasing an additional 2,612 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in CF Industries by 206.9% during the 4th quarter. Wealthfront Advisers LLC now owns 84,308 shares of the basic materials company’s stock worth $7,193,000 after purchasing an additional 56,837 shares during the last quarter. Independent Advisor Alliance purchased a new stake in CF Industries during the 4th quarter worth approximately $338,000. Finally, Daiwa Securities Group Inc. increased its holdings in CF Industries by 4.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 23,269 shares of the basic materials company’s stock worth $1,985,000 after purchasing an additional 1,023 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the transaction, the executive vice president now owns 92,486 shares in the company, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the business’s 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 sale, the vice president now directly owns 15,871 shares in the company, valued at $1,507,745. This represents 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 worth $1,130,955. 0.42% of the stock is owned by company insiders.

CF Industries Trading Down 0.4 %

NYSE:CF opened at $76.55 on Friday. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $98.25. The firm has a market capitalization of $12.98 billion, a P/E ratio of 11.31, a P/E/G ratio of 0.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The business has a 50 day simple moving average of $85.55 and a 200 day simple moving average of $85.32.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) 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 analyst estimates of $1.50 billion. Equities research analysts predict 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. Shareholders 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 dividend on an annualized basis and a yield of 2.61%. CF Industries’s dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank of Canada dropped their price objective on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective on the stock in a report on Monday, February 24th. Barclays dropped their price objective on CF Industries from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $82.00 to $75.00 in a report on Friday, January 24th. Finally, The Goldman Sachs Group started coverage on CF Industries in a report on Thursday. They issued a “neutral” rating and a $86.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and a consensus price target 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.