Franklin Resources Inc. Has $21.38 Million Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Franklin Resources Inc. grew its position in CF Industries Holdings, Inc. (NYSE:CF) by 13.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 245,742 shares of the basic materials company’s stock after purchasing an additional 29,101 shares during the quarter. Franklin Resources Inc.’s holdings in CF Industries were worth $21,380,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CF. Kingsview Wealth Management LLC acquired a new position in CF Industries in the 3rd quarter valued at $3,149,000. AMG National Trust Bank acquired a new position in CF Industries during the third quarter valued at approximately $887,000. Quantinno Capital Management LP increased its stake in shares of CF Industries by 118.7% in the 3rd quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company’s stock valued at $1,372,000 after purchasing an additional 8,679 shares during the last quarter. Swedbank AB lifted its position in shares of CF Industries by 3.8% during the 3rd quarter. Swedbank AB now owns 271,198 shares of the basic materials company’s stock worth $23,269,000 after buying an additional 9,815 shares during the last quarter. Finally, Entropy Technologies LP grew its position in CF Industries by 104.1% in the third quarter. Entropy Technologies LP now owns 31,111 shares of the basic materials company’s stock valued at $2,669,000 after acquiring an additional 15,866 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

Insider Buying and Selling

In other news, EVP Susan L. Menzel sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total value of $325,010.00. Following the sale, the executive vice president now owns 62,768 shares of the company’s stock, valued at $5,828,636.48. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the transaction, the vice president now directly owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. This trade represents a 19.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,701 shares of company stock worth $2,052,704. 0.48% of the stock is owned by company insiders.

CF Industries Stock Down 0.7 %

CF stock opened at $83.82 on Friday. The firm has a market capitalization of $14.59 billion, a PE ratio of 13.26, a P/E/G ratio of 2.37 and a beta of 0.98. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $94.46. The stock’s 50 day moving average is $86.52 and its 200-day moving average is $80.89.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. Sell-side analysts expect that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, November 15th. CF Industries’s payout ratio is 31.65%.

Analyst Upgrades and Downgrades

CF has been the subject of several research reports. Redburn Atlantic started coverage on shares of CF Industries in a research note on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective for the company. Bank of America lowered CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 16th. UBS Group raised their price objective on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Piper Sandler raised their price target on shares of CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Finally, Oppenheimer began coverage on CF Industries in a report on Thursday, December 12th. They set an “outperform” rating and a $114.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average target price of $90.38.

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.