CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its position in shares of CF Industries Holdings, Inc. (NYSE:CFFree Report) by 5.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 26,369 shares of the basic materials company’s stock after selling 1,443 shares during the quarter. CIBC Asset Management Inc’s holdings in CF Industries were worth $2,096,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CF. Oppenheimer Asset Management Inc. lifted its position in CF Industries by 15.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,963 shares of the basic materials company’s stock worth $340,000 after acquiring an additional 516 shares during the period. J.P. Morgan Private Wealth Advisors LLC raised its stake in shares of CF Industries by 3.0% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 18,645 shares of the basic materials company’s stock valued at $1,599,000 after buying an additional 537 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of CF Industries by 126.0% during the 3rd quarter. Gabelli Funds LLC now owns 22,600 shares of the basic materials company’s stock valued at $1,938,000 after buying an additional 12,600 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CF Industries by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,076,321 shares of the basic materials company’s stock valued at $92,284,000 after buying an additional 25,518 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of CF Industries by 12.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 21,882 shares of the basic materials company’s stock valued at $1,876,000 after buying an additional 2,427 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CF shares. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of CF Industries in a research note on Friday, February 16th. Scotiabank reduced their price objective on CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Monday, May 6th. BMO Capital Markets reduced their price objective on CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Bank of America restated a “neutral” rating and issued a $88.00 price target (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company cut their price target 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 equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and an average price target of $85.00.

View Our Latest Analysis on CF Industries

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the business’s stock in a transaction that occurred 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 transaction, 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 legal filing with the SEC, which is available at the SEC website. Insiders own 0.42% of the company’s stock.

CF Industries Price Performance

NYSE:CF opened at $77.86 on Friday. CF Industries Holdings, Inc. has a 12 month low of $65.75 and a 12 month high of $87.90. The stock has a 50 day moving average of $78.51 and a two-hundred day moving average of $78.72. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The firm has a market cap of $14.23 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00.

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

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Tuesday, May 14th. CF Industries’s dividend payout ratio is currently 33.22%.

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.

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

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