CF Industries Holdings, Inc. (NYSE:CF) Position Decreased by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT decreased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 844,594 shares of the basic materials company’s stock after selling 22,546 shares during the period. CF Industries makes up 2.4% of Sound Shore Management Inc. CT’s portfolio, making the stock its 22nd biggest holding. Sound Shore Management Inc. CT owned 0.49% of CF Industries worth $72,061,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CF. Heck Capital Advisors LLC purchased a new stake in CF Industries during the fourth quarter valued at about $34,000. Brooklyn Investment Group purchased a new stake in CF Industries during the third quarter valued at about $39,000. Creative Financial Designs Inc. ADV lifted its stake in CF Industries by 50.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock valued at $41,000 after buying an additional 161 shares in the last quarter. Asset Planning Inc purchased a new stake in CF Industries during the fourth quarter valued at about $44,000. Finally, Arlington Trust Co LLC lifted its position in shares of CF Industries by 422.0% in the fourth quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 460 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays reduced their price target on shares of CF Industries from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target for the company in a research report on Monday, February 24th. Oppenheimer reduced their price target on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Piper Sandler increased their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada reduced their price target on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $89.86.

Insider Transactions at CF Industries

In related news, EVP Susan L. Menzel sold 1,500 shares of the firm’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 $142,500.00. Following the completion of the transaction, the executive vice president now directly owns 93,986 shares of the company’s stock, valued at $8,928,670. This trade represents a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ashraf K. Malik sold 8,889 shares of the firm’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 completion of the transaction, the vice president now directly owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,889 shares of company stock worth $1,130,955. Insiders own 0.42% of the company’s stock.

CF Industries Trading Down 0.0 %

Shares of CF stock opened at $76.88 on Monday. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $84.43 and its two-hundred day moving average is $85.19. The company has a market cap of $13.03 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.37 and a beta of 0.99.

CF Industries (NYSE:CF) last announced 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 return on equity of 15.50% and a net margin of 20.52%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Equities analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The business also recently disclosed 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 was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.60%. 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.