Cottage Street Advisors LLC Sells 499 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Cottage Street Advisors LLC cut its position in CF Industries Holdings, Inc. (NYSE:CF) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,850 shares of the basic materials company’s stock after selling 499 shares during the quarter. Cottage Street Advisors LLC’s holdings in CF Industries were worth $1,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in CF Industries in the fourth quarter valued at about $34,000. Brooklyn Investment Group acquired a new stake in shares of CF Industries during the third quarter valued at about $39,000. Creative Financial Designs Inc. ADV grew its holdings in CF Industries by 50.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 161 shares during the last quarter. Asset Planning Inc bought a new stake in CF Industries during the 4th quarter worth approximately $44,000. Finally, Arlington Trust Co LLC increased its position in CF Industries by 422.0% in the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 460 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on CF shares. The Goldman Sachs Group began coverage on shares of CF Industries in a research report on Thursday, March 13th. They set a “neutral” rating and a $86.00 target price for the company. Royal Bank of Canada reduced their target price on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Piper Sandler upped their price target on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. cut CF Industries from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Finally, Scotiabank lowered their target price on CF Industries from $88.00 to $81.00 and set a “sector underperform” rating on the stock in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $89.86.

Insider Activity

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction dated 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 $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 available through this link. Also, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $142,500.00. Following the sale, the executive vice president now owns 93,986 shares in the company, valued at approximately $8,928,670. This represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,889 shares of company stock valued at $1,130,955 over the last quarter. Company insiders own 0.48% of the company’s stock.

CF Industries Trading Down 2.4 %

NYSE:CF opened at $74.99 on Wednesday. The firm’s 50 day moving average is $83.66 and its 200 day moving average is $85.15. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The stock has a market capitalization of $12.71 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.37 and a beta of 0.99. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Sell-side analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.67%. CF Industries’s payout ratio is 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.