CF Industries Holdings, Inc. (NYSE:CF) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in CF Industries Holdings, Inc. (NYSE:CF) by 21.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,382 shares of the basic materials company’s stock after acquiring an additional 4,457 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CF Industries were worth $2,166,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Klein Pavlis & Peasley Financial Inc. lifted its holdings in CF Industries by 7.9% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 28,730 shares of the basic materials company’s stock worth $2,451,000 after buying an additional 2,100 shares during the last quarter. Choreo LLC raised its position in shares of CF Industries by 11.5% during the 4th quarter. Choreo LLC now owns 8,199 shares of the basic materials company’s stock worth $695,000 after acquiring an additional 848 shares in the last quarter. Confluence Wealth Services Inc. purchased a new stake in CF Industries during the fourth quarter worth approximately $989,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in CF Industries by 14.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,807 shares of the basic materials company’s stock valued at $14,543,000 after purchasing an additional 21,632 shares in the last quarter. Finally, Mather Group LLC. increased its stake in CF Industries by 4.7% in the fourth quarter. Mather Group LLC. now owns 4,045 shares of the basic materials company’s stock valued at $345,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of CF opened at $87.00 on Tuesday. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25. The stock has a market capitalization of $15.14 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.39 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The company’s fifty day moving average is $89.36 and its two-hundred day moving average is $85.20.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is currently 31.65%.

Insider Activity at CF Industries

In other news, VP Ashraf K. Malik sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the sale, the vice president now directly owns 22,211 shares in the company, valued at $2,016,314.58. This represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the firm’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 $142,500.00. Following the transaction, the executive vice president now directly owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. This trade represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,389 shares of company stock worth $2,355,425 over the last 90 days. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CF. Oppenheimer reduced their price objective on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Barclays downgraded shares of CF Industries from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $96.00 to $100.00 in a research note on Tuesday, January 21st. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a research report on Wednesday, October 16th. Redburn Atlantic started coverage on CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price for the company. Finally, Piper Sandler lifted their price target 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average target price of $92.43.

CF Industries 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.