Fisher Funds Management LTD Purchases Shares of 104,889 CF Industries Holdings, Inc. (NYSE:CF)

Fisher Funds Management LTD acquired a new position in CF Industries Holdings, Inc. (NYSE:CF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 104,889 shares of the basic materials company’s stock, valued at approximately $8,932,000. Fisher Funds Management LTD owned about 0.06% of CF Industries at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates raised its position in shares of CF Industries by 7.6% during the 3rd quarter. Raymond James & Associates now owns 143,050 shares of the basic materials company’s stock valued at $12,274,000 after buying an additional 10,092 shares in the last quarter. Ballentine Partners LLC raised its position in CF Industries by 5.2% during the third 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 during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of CF Industries by 2.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,175 shares of the basic materials company’s stock valued at $12,861,000 after purchasing an additional 3,975 shares during the last quarter. Forsta AP Fonden increased its position in shares of CF Industries by 9.4% during the 3rd quarter. Forsta AP Fonden now owns 39,500 shares of the basic materials company’s stock valued at $3,389,000 after purchasing an additional 3,400 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of CF Industries by 178.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 98,357 shares of the basic materials company’s stock valued at $8,353,000 after purchasing an additional 63,008 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CF has been the subject of several recent analyst reports. Royal Bank of Canada lowered shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective for the company. in a research note on Tuesday, January 21st. Piper Sandler upped their price target on shares of 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 shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Oppenheimer cut their target price on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, Scotiabank reissued a “sector underperform” rating and set a $88.00 price target on shares of CF Industries in a research note on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $92.29.

CF Industries Stock Performance

Shares of CF Industries stock opened at $77.90 on Friday. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $87.91 and its 200-day moving average price is $85.58. The firm has a market cap of $13.56 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.37 and a beta of 0.98. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. On average, equities research analysts expect that CF Industries Holdings, Inc. will post 5.83 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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.57%. CF Industries’s dividend payout ratio (DPR) is presently 29.54%.

Insider Activity

In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 62,768 shares in the company, valued at $5,828,636.48. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the transaction, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,389 shares of company stock worth $1,455,965. 0.42% of the stock is currently owned by company insiders.

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.