PGGM Investments Purchases Shares of 1,774 CF Industries Holdings, Inc. (NYSE:CF)

PGGM Investments purchased a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,774 shares of the basic materials company’s stock, valued at approximately $151,000.

Other large investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in shares of CF Industries during the 3rd quarter worth about $903,000. Oppenheimer Asset Management Inc. lifted its stake in shares of CF Industries by 14.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,924 shares of the basic materials company’s stock worth $594,000 after buying an additional 861 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of CF Industries by 14.7% during the 3rd quarter. Metis Global Partners LLC now owns 18,679 shares of the basic materials company’s stock worth $1,603,000 after buying an additional 2,392 shares during the last quarter. ING Groep NV lifted its stake in shares of CF Industries by 288.8% during the 3rd quarter. ING Groep NV now owns 95,628 shares of the basic materials company’s stock worth $8,205,000 after buying an additional 71,032 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of CF Industries by 6.0% during the 3rd quarter. CIBC Asset Management Inc now owns 31,203 shares of the basic materials company’s stock worth $2,677,000 after buying an additional 1,769 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Price Performance

CF stock opened at $76.55 on Friday. The company has a 50 day simple moving average of $85.79 and a 200 day simple moving average of $85.33. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 0.37 and a beta of 0.99. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25. 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 (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, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. Research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 yield of 2.61%. The ex-dividend date was Friday, February 14th. CF Industries’s payout ratio is 29.54%.

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 that occurred on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the sale, the executive vice president now directly owns 92,486 shares of the company’s stock, valued at $8,878,656. The trade was a 1.60 % decrease in their position. The transaction 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 that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the sale, the vice president now directly owns 15,871 shares in the company, valued at $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,889 shares of company stock valued at $1,130,955 in the last ninety days. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group cut their target price on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Scotiabank cut their price objective on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a report on Monday, February 24th. Oppenheimer cut their price objective 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 their price objective on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Finally, Barclays cut their price objective on shares of CF Industries from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and a consensus price target of $89.86.

About CF Industries

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.