CIBC Asset Management Inc Decreases Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

CIBC Asset Management Inc lessened its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,015 shares of the basic materials company’s stock after selling 188 shares during the period. CIBC Asset Management Inc’s holdings in CF Industries were worth $2,646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CF. Raymond James & Associates lifted its position in CF Industries by 7.6% during the 3rd quarter. Raymond James & Associates now owns 143,050 shares of the basic materials company’s stock worth $12,274,000 after acquiring an additional 10,092 shares in the last quarter. Heartland Bank & Trust Co acquired a new position in shares of CF Industries during the third quarter worth $215,000. International Assets Investment Management LLC boosted its stake in shares of CF Industries by 7,617.5% in the third quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after purchasing an additional 431,910 shares during the period. Ballentine Partners LLC grew its holdings in CF Industries by 5.2% during the 3rd quarter. Ballentine Partners LLC now owns 5,519 shares of the basic materials company’s stock valued at $474,000 after purchasing an additional 275 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in CF Industries by 2.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,175 shares of the basic materials company’s stock worth $12,861,000 after buying an additional 3,975 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Insiders Place Their Bets

In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total value of $325,010.00. Following the completion of the transaction, the executive vice president now owns 62,768 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Also, VP Ashraf K. Malik sold 8,889 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were 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 $1,507,745. The trade was a 35.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,389 shares of company stock valued at $1,455,965 over the last three months. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CF shares. Scotiabank reissued a “sector underperform” rating and issued a $88.00 price objective on shares of CF Industries in a research report on Friday, January 24th. Piper Sandler increased their price target on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, January 27th. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Oppenheimer reduced their target price on CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Finally, UBS Group dropped their price target 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. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $92.29.

CF Industries Trading Down 2.9 %

CF Industries stock opened at $77.90 on Friday. 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 moving average is $87.91 and its 200-day moving average is $85.50. 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 has a market cap of $13.56 billion, a P/E ratio of 11.51, a PEG ratio of 0.39 and a beta of 0.98.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a return on equity of 15.33% and a net margin of 20.52%. On average, equities analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business 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 dividend of $0.50 per share. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.57%. CF Industries’s 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.