Mackenzie Financial Corp Sells 13,279 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Mackenzie Financial Corp trimmed its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 46.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,155 shares of the basic materials company’s stock after selling 13,279 shares during the quarter. Mackenzie Financial Corp’s holdings in CF Industries were worth $1,205,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CF. CWM LLC increased its stake in shares of CF Industries by 15.5% during the third quarter. CWM LLC now owns 2,748 shares of the basic materials company’s stock valued at $236,000 after buying an additional 368 shares during the period. CX Institutional purchased a new position in shares of CF Industries during the third quarter valued at $3,367,000. Spectrum Asset Management Inc. NB CA increased its stake in shares of CF Industries by 39.9% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 36,639 shares of the basic materials company’s stock valued at $3,141,000 after buying an additional 10,454 shares during the period. Czech National Bank increased its stake in shares of CF Industries by 46.1% during the third quarter. Czech National Bank now owns 33,724 shares of the basic materials company’s stock valued at $2,891,000 after buying an additional 10,642 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in CF Industries by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 77,557 shares of the basic materials company’s stock valued at $6,650,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

CF has been the topic of several analyst reports. Bank of America reiterated a “neutral” rating and issued a $88.00 target price (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of CF Industries in a research note on Friday, February 16th. Wolfe Research started coverage on CF Industries in a research note on Friday, March 1st. They issued an “outperform” rating and a $99.00 target price on the stock. Barclays raised CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price target for the company in a report on Friday, January 12th. Finally, Berenberg Bank raised their price target on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $86.47.

Insider Activity

In other news, EVP Bert A. Frost sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the sale, the executive vice president now directly owns 64,030 shares in the company, valued at $5,442,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.48% of the company’s stock.

CF Industries Trading Up 0.9 %

Shares of NYSE:CF opened at $79.25 on Thursday. CF Industries Holdings, Inc. has a 12-month low of $60.08 and a 12-month high of $87.90. The company has a market capitalization of $14.88 billion, a PE ratio of 10.11, a PEG ratio of 2.24 and a beta of 1.03. The business has a 50 day moving average of $81.46 and a two-hundred day moving average of $79.67. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm posted $4.35 earnings per share. The company’s revenue was down 39.8% compared to the same quarter last year. As a group, analysts forecast that CF Industries Holdings, Inc. will post 5.86 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Tuesday, May 14th. CF Industries’s dividend payout ratio (DPR) is presently 25.51%.

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.