National Pension Service Buys 280,535 Shares of CF Industries Holdings, Inc. (NYSE:CF)

National Pension Service lifted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 2,848.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 290,384 shares of the basic materials company’s stock after purchasing an additional 280,535 shares during the quarter. National Pension Service’s holdings in CF Industries were worth $24,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CF. First Trust Direct Indexing L.P. boosted its stake in shares of CF Industries by 11.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,847 shares of the basic materials company’s stock worth $330,000 after acquiring an additional 399 shares during the period. Murphy Pohlad Asset Management LLC boosted its stake in shares of CF Industries by 45.0% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 7,600 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 2,360 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of CF Industries by 16.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,326 shares of the basic materials company’s stock worth $285,000 after acquiring an additional 467 shares during the period. BluePath Capital Management LLC boosted its stake in shares of CF Industries by 31.0% during the 3rd quarter. BluePath Capital Management LLC now owns 10,474 shares of the basic materials company’s stock worth $899,000 after acquiring an additional 2,481 shares during the period. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of CF Industries during the 3rd quarter worth approximately $1,153,000. 93.06% of the stock is currently owned by institutional investors.

CF Industries Price Performance

Shares of NYSE CF opened at $80.99 on Friday. The stock has a market capitalization of $13.73 billion, a PE ratio of 11.96, a P/E/G ratio of 0.37 and a beta of 0.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The business has a fifty day moving average price of $87.27 and a two-hundred day moving average price of $85.58. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $98.25.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. As a group, equities analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.47%. CF Industries’s dividend payout ratio (DPR) is currently 29.54%.

Insider Transactions at CF Industries

In other news, 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 transaction, the vice president now owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total value of $144,000.00. Following the transaction, the executive vice president now directly owns 92,486 shares of the company’s stock, valued at $8,878,656. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,389 shares of company stock valued at $1,455,965. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CF. Barclays downgraded CF Industries from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $96.00 to $100.00 in a research note on Tuesday, January 21st. Piper Sandler boosted their price target on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Scotiabank reduced their price target on CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a research note on Monday, February 24th. UBS Group reduced their price target on CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Finally, Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target for the company in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus price target of $90.54.

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.