Fmr LLC Boosts Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Fmr LLC grew its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,830,621 shares of the basic materials company’s stock after purchasing an additional 543,876 shares during the period. Fmr LLC owned about 5.07% of CF Industries worth $753,429,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mizuho Bank Ltd. bought a new stake in CF Industries during the 4th quarter valued at about $26,000. Heck Capital Advisors LLC purchased a new stake in shares of CF Industries in the fourth quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV grew its stake in CF Industries by 50.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 161 shares in the last quarter. Asset Planning Inc bought a new position in CF Industries in the fourth quarter worth approximately $44,000. Finally, Arlington Trust Co LLC raised its position in CF Industries by 422.0% during the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 460 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Down 1.5 %

CF stock opened at $72.00 on Tuesday. The stock has a market capitalization of $12.21 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $98.25. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $80.60 and a 200 day moving average of $85.00.

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

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is 29.54%.

Analyst Ratings Changes

CF has been the topic of several research reports. The Goldman Sachs Group assumed coverage on CF Industries in a research note on Thursday, March 13th. They set a “neutral” rating and a $86.00 price target 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 research report on Monday, January 27th. Barclays dropped their price objective on shares of CF Industries from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Finally, Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price for the company in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $89.86.

Insider Activity at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $142,500.00. Following the sale, the executive vice president now directly owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. This represents a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the transaction, the vice president now owns 15,871 shares of the company’s stock, valued at $1,507,745. The trade was a 35.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,889 shares of company stock worth $1,130,955 over the last quarter. Insiders own 0.42% of the company’s stock.

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.