CF Industries Holdings, Inc. (NYSE:CF) Stock Holdings Increased by DnB Asset Management AS

DnB Asset Management AS boosted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CFGet Rating) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,797 shares of the basic materials company’s stock after purchasing an additional 3,977 shares during the period. DnB Asset Management AS’s holdings in CF Industries were worth $5,126,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CF. Hazlett Burt & Watson Inc. acquired a new stake in shares of CF Industries during the 1st quarter valued at $26,000. Goldstream Capital Management Ltd purchased a new stake in shares of CF Industries during the first quarter valued at $50,000. Pittenger & Anderson Inc. acquired a new position in shares of CF Industries in the 1st quarter valued at $52,000. Signaturefd LLC increased its stake in CF Industries by 32.7% in the 1st quarter. Signaturefd LLC now owns 528 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 130 shares in the last quarter. Finally, Eaton Vance Management raised its holdings in CF Industries by 24.3% during the 4th quarter. Eaton Vance Management now owns 4,570 shares of the basic materials company’s stock worth $71,000 after buying an additional 894 shares during the period. Institutional investors and hedge funds own 94.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CF. Credit Suisse Group upped their price target on shares of CF Industries from $73.00 to $78.00 and gave the company an “underperform” rating in a research report on Tuesday, August 2nd. Scotiabank raised CF Industries from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, August 3rd. Piper Sandler upped their price target on CF Industries from $120.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. UBS Group increased their price objective on CF Industries from $108.00 to $128.00 in a research note on Thursday, August 25th. Finally, Royal Bank of Canada lifted their target price on CF Industries from $100.00 to $110.00 and gave the company a “sector perform” rating in a research note on Thursday, July 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $104.21.

CF Industries Stock Performance

CF stock opened at $98.59 on Monday. The company has a market capitalization of $19.65 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 0.86 and a beta of 1.02. The firm has a 50 day moving average of $98.89 and a two-hundred day moving average of $97.36. The company has a quick ratio of 2.95, a current ratio of 3.41 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 12 month low of $46.83 and a 12 month high of $119.60.

CF Industries (NYSE:CFGet Rating) last issued its quarterly earnings data on Monday, August 1st. The basic materials company reported $6.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.23 by ($0.04). CF Industries had a return on equity of 49.10% and a net margin of 25.28%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 113.4% on a year-over-year basis. As a group, equities analysts anticipate that CF Industries Holdings, Inc. will post 19.17 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.60 annualized dividend and a yield of 1.62%. CF Industries’s dividend payout ratio (DPR) is currently 13.11%.

Insiders Place Their Bets

In other CF Industries news, CEO W Anthony Will sold 102,520 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $110.16, for a total transaction of $11,293,603.20. Following the transaction, the chief executive officer now owns 322,916 shares in the company, valued at $35,572,426.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO W Anthony Will sold 102,520 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $110.16, for a total value of $11,293,603.20. Following the sale, the chief executive officer now directly owns 322,916 shares of the company’s stock, valued at $35,572,426.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anne P. Noonan sold 3,000 shares of CF Industries stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $118.64, for a total value of $355,920.00. Following the completion of the transaction, the director now owns 26,411 shares in the company, valued at $3,133,401.04. The disclosure for this sale can be found here. Insiders sold 166,484 shares of company stock valued at $18,431,301 over the last 90 days. 0.42% of the stock is currently owned by company insiders.

About CF Industries

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CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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