Convergence Investment Partners LLC Purchases Shares of 14,060 CF Industries Holdings, Inc. (NYSE:CF)

Convergence Investment Partners LLC acquired a new position in CF Industries Holdings, Inc. (NYSE:CF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,060 shares of the basic materials company’s stock, valued at approximately $1,200,000.

Several other large investors have also made changes to their positions in the business. Venturi Wealth Management LLC increased its position in CF Industries by 1,609.0% during the fourth quarter. Venturi Wealth Management LLC now owns 3,213 shares of the basic materials company’s stock worth $274,000 after acquiring an additional 3,025 shares during the period. D.A. Davidson & CO. acquired a new stake in CF Industries in the 4th quarter worth $475,000. Truist Financial Corp increased its holdings in shares of CF Industries by 13.6% during the 4th quarter. Truist Financial Corp now owns 8,468 shares of the basic materials company’s stock worth $722,000 after purchasing an additional 1,011 shares during the period. Sanctuary Advisors LLC raised its position in shares of CF Industries by 11.4% during the fourth quarter. Sanctuary Advisors LLC now owns 18,874 shares of the basic materials company’s stock valued at $1,740,000 after buying an additional 1,935 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in shares of CF Industries by 30.2% during the fourth quarter. Catalyst Capital Advisors LLC now owns 859 shares of the basic materials company’s stock valued at $73,000 after buying an additional 199 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CF. Royal Bank of Canada downgraded CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective for the company. in a research report on Tuesday, January 21st. Piper Sandler raised their target price on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $82.00 to $75.00 in a report on Friday, January 24th. Barclays cut shares of CF Industries from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $96.00 to $100.00 in a research note on Tuesday, January 21st. Finally, Scotiabank reiterated a “sector underperform” rating and set a $88.00 target price on shares of CF Industries in a research report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $92.43.

CF Industries Stock Up 0.7 %

NYSE CF opened at $83.81 on Thursday. The stock’s 50 day simple moving average is $88.34 and its 200 day simple moving average is $85.50. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $98.25. The firm has a market cap of $14.58 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. As a group, sell-side analysts forecast that CF Industries Holdings, Inc. will post 6.31 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Friday, February 14th. CF Industries’s dividend payout ratio is presently 31.65%.

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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Susan L. Menzel sold 3,500 shares of the firm’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 disclosure for this sale can be found here. Over the last three months, insiders have sold 15,389 shares of company stock worth $1,455,965. Corporate insiders own 0.48% of the company’s stock.

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.