Cottage Street Advisors LLC Cuts Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Cottage Street Advisors LLC reduced its stake in CF Industries Holdings, Inc. (NYSE:CF) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,850 shares of the basic materials company’s stock after selling 499 shares during the quarter. Cottage Street Advisors LLC’s holdings in CF Industries were worth $1,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. FMR LLC raised its holdings in CF Industries by 3.8% during the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock valued at $711,003,000 after buying an additional 300,050 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in CF Industries by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock valued at $494,202,000 after acquiring an additional 225,109 shares during the period. Victory Capital Management Inc. boosted its position in shares of CF Industries by 7.1% in the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company’s stock worth $382,901,000 after purchasing an additional 299,173 shares in the last quarter. Boston Partners boosted its holdings in CF Industries by 7.0% in the fourth quarter. Boston Partners now owns 3,316,616 shares of the basic materials company’s stock worth $283,044,000 after acquiring an additional 216,395 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of CF Industries by 4.9% in the fourth quarter. Sei Investments Co. now owns 1,460,993 shares of the basic materials company’s stock worth $124,652,000 after acquiring an additional 68,164 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CF. Barclays dropped their target price 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. UBS Group lowered their price objective on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Scotiabank reduced their price objective on CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a research report on Monday, February 24th. Finally, Royal Bank of Canada cut their price target on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Two 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. Based on data from MarketBeat, CF Industries currently has an average rating of “Hold” and an average 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 business’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 owns 93,986 shares in the company, valued at $8,928,670. The trade was a 1.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $844,455.00. Following the completion of the sale, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,889 shares of company stock valued at $1,130,955. 0.48% of the stock is owned by company insiders.

CF Industries Price Performance

Shares of NYSE:CF opened at $74.99 on Wednesday. The company has a market capitalization of $12.71 billion, a P/E ratio of 11.08, 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 firm’s 50 day simple moving average is $83.66 and its two-hundred day simple moving average is $85.15. 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 earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Research analysts expect 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. Investors of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s dividend payout ratio is currently 29.54%.

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.