CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 0.6% in the 4th quarter, HoldingsChannel reports. The fund owned 31,015 shares of the basic materials company’s stock after selling 188 shares during the period. CIBC Asset Management Inc’s holdings in CF Industries were worth $2,646,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in CF Industries by 15.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after purchasing an additional 549,569 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of CF Industries by 7,617.5% in the third quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after buying an additional 431,910 shares during the period. Barclays PLC boosted its stake in CF Industries by 68.9% during the third quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock valued at $63,263,000 after buying an additional 300,873 shares in the last quarter. FMR LLC grew its holdings in CF Industries by 3.8% during the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after acquiring an additional 300,050 shares during the period. Finally, Yaupon Capital Management LP bought a new stake in CF Industries in the third quarter worth about $17,437,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Insider Buying and Selling

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $142,500.00. Following the transaction, the executive vice president now directly owns 93,986 shares of the company’s stock, valued at $8,928,670. This represents a 1.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the vice president now owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,389 shares of company stock worth $1,455,965. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Scotiabank restated a “sector underperform” rating and set a $88.00 price objective on shares of CF Industries in a research report on Friday, January 24th. Oppenheimer reduced their target price on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Royal Bank of Canada cut CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target on the stock. in a report on Tuesday, January 21st. UBS Group reduced their price objective on CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Piper Sandler boosted their target price on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $92.29.

CF Industries Trading Down 2.9 %

NYSE:CF opened at $77.90 on Friday. The stock has a market cap of $13.56 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.39 and a beta of 0.98. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The stock’s 50-day moving average is $87.91 and its two-hundred day moving average is $85.50.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $1.52 billion for 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 15.33%. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 5.83 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 2.57%. The ex-dividend date of this dividend is Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is presently 29.54%.

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.