Sumitomo Mitsui Trust Group Inc. Has $41.99 Million Position in CF Industries Holdings, Inc. (NYSE:CF)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 492,171 shares of the basic materials company’s stock after selling 26,023 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of CF Industries worth $41,992,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CF. Brooklyn Investment Group raised its position in CF Industries by 26.9% in the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 122 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of CF Industries by 2.3% in the 4th quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company’s stock valued at $482,000 after purchasing an additional 127 shares during the period. Coldstream Capital Management Inc. lifted its position in shares of CF Industries by 4.9% during 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 during the period. Greenleaf Trust boosted its stake in CF Industries by 4.7% in the 4th quarter. Greenleaf Trust now owns 3,784 shares of the basic materials company’s stock valued at $323,000 after buying an additional 169 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted 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 valued at $2,004,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Up 3.5 %

Shares of NYSE CF opened at $87.00 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 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. The company has a 50 day simple moving average of $89.36 and a 200 day simple moving average of $85.20. The firm has a market cap of $15.14 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.39 and a beta of 0.98.

CF Industries Announces Dividend

The company also recently disclosed 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 2.30%. The ex-dividend date is Friday, February 14th. CF Industries’s dividend payout ratio is currently 31.65%.

Analyst Ratings Changes

Several research firms have recently weighed in on CF. Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $96.00 to $100.00 in a report on Tuesday, January 21st. UBS Group upped their price objective on shares of CF Industries from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Piper Sandler lifted their target price 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 restated a “sector underperform” rating and set a $88.00 price target on shares of CF Industries in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $82.00 to $75.00 in a research report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and an average price target of $92.43.

Insider Activity at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the transaction, the executive vice president now directly owns 103,155 shares in the company, valued at $9,077,640. This represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,389 shares of company stock worth $2,355,425 over the last quarter. 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.