Mackenzie Financial Corp Reduces Position in CF Industries Holdings, Inc. (NYSE:CF)

Mackenzie Financial Corp lessened its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 46.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,155 shares of the basic materials company’s stock after selling 13,279 shares during the quarter. Mackenzie Financial Corp’s holdings in CF Industries were worth $1,205,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in CF Industries by 9.5% during the 3rd quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company’s stock worth $1,635,000 after buying an additional 1,636 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in CF Industries by 926.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company’s stock worth $15,751,000 after acquiring an additional 165,808 shares during the period. Comerica Bank lifted its position in CF Industries by 133.8% during the 3rd quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock worth $4,677,000 after acquiring an additional 31,215 shares during the period. Klein Pavlis & Peasley Financial Inc. acquired a new stake in CF Industries during the 4th quarter worth approximately $1,627,000. Finally, Raymond James & Associates lifted its position in CF Industries by 25.4% during the 4th quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock worth $10,608,000 after acquiring an additional 27,027 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on CF shares. UBS Group cut CF Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $95.00 to $83.00 in a research report on Wednesday, January 31st. Barclays raised CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price objective for the company in a research report on Friday, January 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of CF Industries in a report on Friday, February 16th. Wolfe Research initiated coverage on CF Industries in a report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price target for the company. Finally, Piper Sandler cut CF Industries from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $87.00 to $82.00 in a report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $86.47.

Insiders Place Their Bets

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the transaction, the executive vice president now owns 64,030 shares of the company’s stock, valued at $5,442,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is currently owned by company insiders.

CF Industries Stock Performance

Shares of CF stock opened at $79.25 on Thursday. The stock has a fifty day moving average price of $81.46 and a 200 day moving average price of $79.67. The stock has a market cap of $14.88 billion, a PE ratio of 10.11, a P/E/G ratio of 2.24 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 debt-to-equity ratio of 0.35, a quick ratio of 3.44 and a current ratio of 3.81.

CF Industries (NYSE:CF) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.12). The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The business’s quarterly revenue was down 39.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.35 EPS. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.86 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.52%. The ex-dividend date is Tuesday, May 14th. CF Industries’s payout ratio is 25.51%.

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.