CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC decreased its position in shares of CF Industries Holdings, Inc. (NYSE:CFFree Report) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,899 shares of the basic materials company’s stock after selling 175 shares during the quarter. Parallel Advisors LLC’s holdings in CF Industries were worth $151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CF. Norges Bank acquired a new stake in shares of CF Industries during the fourth quarter worth about $193,145,000. Van ECK Associates Corp lifted its holdings in CF Industries by 98.4% in the third quarter. Van ECK Associates Corp now owns 891,216 shares of the basic materials company’s stock valued at $76,413,000 after acquiring an additional 441,995 shares during the period. Boston Partners lifted its holdings in CF Industries by 19.0% in the fourth quarter. Boston Partners now owns 2,228,297 shares of the basic materials company’s stock valued at $177,119,000 after acquiring an additional 356,318 shares during the period. Federated Hermes Inc. lifted its holdings in CF Industries by 146.6% in the third quarter. Federated Hermes Inc. now owns 502,369 shares of the basic materials company’s stock valued at $43,073,000 after acquiring an additional 298,673 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in CF Industries by 87.3% in the third quarter. The Manufacturers Life Insurance Company now owns 454,631 shares of the basic materials company’s stock valued at $38,980,000 after acquiring an additional 211,913 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Down 0.0 %

Shares of CF opened at $80.51 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94. CF Industries Holdings, Inc. has a one year low of $62.26 and a one year high of $87.90. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 2.53 and a beta of 1.00. The stock has a 50 day moving average price of $78.74 and a 200 day moving average price of $78.75.

CF Industries (NYSE:CFGet Free Report) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.44). The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The firm’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.85 earnings per share. Equities research analysts forecast that CF Industries Holdings, Inc. will post 5.24 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.48%. The ex-dividend date was Tuesday, May 14th. CF Industries’s payout ratio is currently 33.22%.

Analysts Set New Price Targets

CF has been the subject of a number of analyst reports. Piper Sandler decreased their price target on CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. 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. Bank of America reaffirmed a “neutral” rating and set a $88.00 target price (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Berenberg Bank upped their target price on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company reduced their target price on CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average target price of $85.00.

Read Our Latest Analysis on CF

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the sale, the executive vice president now directly owns 64,030 shares in the company, valued at approximately $5,442,550. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.42% of the stock is owned by company insiders.

CF Industries Profile

(Free Report)

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.

See Also

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

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