CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its position in CF Industries Holdings, Inc. (NYSE:CF) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,700 shares of the basic materials company’s stock after selling 3,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in CF Industries were worth $3,302,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Ieq Capital LLC increased its holdings in CF Industries by 544.4% in the fourth quarter. Ieq Capital LLC now owns 20,091 shares of the basic materials company’s stock valued at $1,714,000 after buying an additional 16,973 shares during the last quarter. Convergence Investment Partners LLC purchased a new position in shares of CF Industries during the fourth quarter worth about $1,200,000. Venturi Wealth Management LLC increased its holdings in shares of CF Industries by 1,609.0% in the fourth quarter. Venturi Wealth Management LLC now owns 3,213 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 3,025 shares during the period. D.A. Davidson & CO. purchased a new position in CF Industries during the 4th quarter worth $475,000. Finally, Truist Financial Corp lifted its position in CF Industries by 13.6% in the fourth quarter. Truist Financial Corp now owns 8,468 shares of the basic materials company’s stock valued at $722,000 after purchasing an additional 1,011 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the sale, the executive vice president now directly owns 92,486 shares in the company, valued at approximately $8,878,656. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,389 shares of company stock worth $1,455,965 over the last 90 days. 0.42% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on CF shares. Royal Bank of Canada cut shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price for the company. in a report on Tuesday, January 21st. Piper Sandler boosted their price objective on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Oppenheimer decreased their price target 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. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Finally, Scotiabank restated a “sector underperform” rating and issued a $88.00 price target on shares of CF Industries in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, CF Industries currently has an average rating of “Hold” and a consensus price target of $92.29.

CF Industries Stock Performance

Shares of CF opened at $77.90 on Monday. The company’s fifty day moving average price is $87.91 and its 200 day moving average price is $85.67. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $98.25. The company has a market capitalization of $13.56 billion, a PE ratio of 11.51, a price-to-earnings-growth 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.

CF Industries (NYSE:CF) last issued its earnings results 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. 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 for the quarter, compared to analyst estimates of $1.50 billion. As a group, analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.57%. The ex-dividend date is Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is presently 29.54%.

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.