CF Industries Holdings, Inc. (NYSE:CF) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 46,797 shares of the basic materials company’s stock after acquiring an additional 1,539 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in CF Industries were worth $3,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Kentucky Retirement Systems lifted its stake in CF Industries by 0.7% in the third quarter. Kentucky Retirement Systems now owns 15,598 shares of the basic materials company’s stock valued at $1,501,000 after buying an additional 116 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in CF Industries by 2.5% in the third quarter. Arkadios Wealth Advisors now owns 5,148 shares of the basic materials company’s stock valued at $441,000 after buying an additional 126 shares during the last quarter. Donoghue Forlines LLC lifted its stake in CF Industries by 1.9% in the third quarter. Donoghue Forlines LLC now owns 6,835 shares of the basic materials company’s stock valued at $586,000 after buying an additional 130 shares during the last quarter. Janiczek Wealth Management LLC raised its stake in shares of CF Industries by 36.5% during the third quarter. Janiczek Wealth Management LLC now owns 516 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 138 shares in the last quarter. Finally, Eaton Vance Management raised its stake in shares of CF Industries by 3.4% during the first quarter. Eaton Vance Management now owns 4,727 shares of the basic materials company’s stock valued at $487,000 after purchasing an additional 157 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Piper Sandler cut shares of CF Industries from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $87.00 to $82.00 in a research note on Thursday, February 29th. Barclays upgraded shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock in a research note on Friday, January 12th. UBS Group cut shares of CF Industries from a “buy” rating to a “neutral” rating and cut their price objective for the company from $95.00 to $83.00 in a research note on Wednesday, January 31st. Finally, Wolfe Research started coverage on shares of CF Industries in a research note on Friday, March 1st. They set an “outperform” rating and a $99.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $89.20.

CF Industries Trading Down 0.4 %

Shares of CF opened at $77.74 on Wednesday. The business’s 50-day moving average price is $81.31 and its 200 day moving average price is $79.79. The stock has a market capitalization of $14.59 billion, a P/E ratio of 9.92, a P/E/G ratio of 2.23 and a beta of 1.03. CF Industries Holdings, Inc. has a 1-year low of $60.08 and a 1-year high of $87.90. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the business posted $4.35 EPS. The company’s revenue for the quarter was down 39.8% compared to the same quarter last year. Analysts expect that CF Industries Holdings, Inc. will post 5.85 earnings per share for the current year.

CF Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.57%. The ex-dividend date was Wednesday, February 14th. This is a boost from CF Industries’s previous quarterly dividend of $0.40. CF Industries’s payout ratio is 25.51%.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the transaction, the executive vice president now owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.48% of the company’s stock.

CF Industries Company 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.