KLP Kapitalforvaltning AS Purchases New Shares in CF Industries Holdings, Inc. (NYSE:CF)

KLP Kapitalforvaltning AS acquired a new position in CF Industries Holdings, Inc. (NYSE:CF) in the 4th quarter, Holdings Channel reports. The firm acquired 74,640 shares of the basic materials company’s stock, valued at approximately $6,368,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Central Pacific Bank Trust Division purchased a new position in shares of CF Industries during the fourth quarter valued at about $74,000. National Pension Service boosted its position in CF Industries by 2,848.4% during the 4th quarter. National Pension Service now owns 290,384 shares of the basic materials company’s stock valued at $24,776,000 after acquiring an additional 280,535 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of CF Industries in the 4th quarter worth approximately $51,000. Charles Schwab Investment Management Inc. lifted its stake in shares of CF Industries by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock valued at $494,202,000 after purchasing an additional 225,109 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of CF Industries by 14.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,807 shares of the basic materials company’s stock valued at $14,543,000 after purchasing an additional 21,632 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CF shares. UBS Group decreased their price objective on CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Piper Sandler lifted their price target 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. Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective on the stock in a research note on Monday, February 24th. The Goldman Sachs Group initiated coverage on shares of CF Industries in a research note on Thursday, March 13th. They set a “neutral” rating and a $86.00 target price for the company. Finally, Royal Bank of Canada dropped their price target on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, CF Industries presently has an average rating of “Hold” and an average target price of $89.86.

Insider Activity at CF Industries

In other news, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the transaction, the vice president now owns 15,871 shares in the company, valued at $1,507,745. This represents a 35.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $142,500.00. Following the sale, the executive vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 11,889 shares of company stock worth $1,130,955 over the last quarter. Company insiders own 0.48% of the company’s stock.

CF Industries Stock Performance

Shares of CF opened at $74.99 on Wednesday. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The business’s fifty day simple moving average is $83.66 and its two-hundred day simple moving average is $85.15. 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 company has a market cap of $12.71 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 0.37 and a beta of 0.99.

CF Industries (NYSE:CF) last released its quarterly earnings data 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 15.50% and a net margin of 20.52%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.67%. CF Industries’s payout ratio is 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.