Voya Investment Management LLC Sells 4,622 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Voya Investment Management LLC reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 485,619 shares of the basic materials company’s stock after selling 4,622 shares during the quarter. Voya Investment Management LLC’s holdings in CF Industries were worth $41,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in shares of CF Industries by 192.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 9,639 shares of the basic materials company’s stock valued at $822,000 after acquiring an additional 6,344 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in CF Industries by 21.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 242,622 shares of the basic materials company’s stock worth $20,701,000 after purchasing an additional 42,600 shares during the period. CSM Advisors LLC purchased a new stake in CF Industries during the 4th quarter valued at $7,155,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of CF Industries by 34.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 7,158 shares of the basic materials company’s stock valued at $611,000 after buying an additional 1,815 shares during the period. Finally, MGO One Seven LLC boosted its stake in shares of CF Industries by 87.8% in the 4th quarter. MGO One Seven LLC now owns 5,383 shares of the basic materials company’s stock worth $459,000 after buying an additional 2,516 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Stock Up 1.6 %

Shares of CF opened at $78.50 on Friday. The business’s 50 day moving average is $76.15 and its 200 day moving average is $83.60. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $98.25. The company has a market capitalization of $13.31 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.55%. CF Industries’s payout ratio is 29.54%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank of Canada reduced their price objective on 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. JPMorgan Chase & Co. cut shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price for the company in a report on Monday, February 24th. 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. Finally, Morgan Stanley decreased their target price on CF Industries from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $89.29.

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.