Mirae Asset Global Investments Co. Ltd. Acquires 21,632 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 14.4% during the 4th quarter, Holdings Channel reports. The firm owned 171,807 shares of the basic materials company’s stock after purchasing an additional 21,632 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in CF Industries were worth $14,543,000 as of its most recent filing with the Securities and Exchange Commission.

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

CF Industries Stock Down 6.3 %

NYSE:CF opened at $84.07 on Friday. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year 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 company has a market cap of $14.63 billion, a PE ratio of 13.30, a P/E/G ratio of 0.74 and a beta of 0.97. The firm’s 50 day simple moving average is $89.55 and its 200 day simple moving average is $84.82.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.38%. CF Industries’s dividend payout ratio is 31.65%.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 3,500 shares of the company’s stock in a transaction 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 directly owns 62,768 shares of the company’s stock, valued at approximately $5,828,636.48. This represents a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of CF Industries 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 transaction, the vice president now directly owns 15,871 shares of the company’s stock, valued at $1,507,745. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,389 shares of company stock worth $2,355,425 over the last three months. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. 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 report on Friday, January 24th. 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. Barclays cut 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 research note on Tuesday, January 21st. UBS Group boosted their price target on CF Industries from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Finally, Oppenheimer reduced their price objective on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Three equities research 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.com, the company presently has an average rating of “Hold” and an average price target of $92.43.

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.