LPL Financial LLC Sells 192 Shares of CF Industries Holdings, Inc. (NYSE:CF)

LPL Financial LLC lowered its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,824 shares of the basic materials company’s stock after selling 192 shares during the period. LPL Financial LLC’s holdings in CF Industries were worth $4,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in CF Industries during the 4th quarter worth approximately $34,000. Creative Financial Designs Inc. ADV increased its position in shares of CF Industries by 50.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 161 shares in the last quarter. Asset Planning Inc bought a new stake in CF Industries in the 4th quarter valued at $44,000. Brooklyn Investment Group boosted its stake in CF Industries by 26.9% in the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 122 shares during the period. Finally, Arlington Trust Co LLC increased its holdings in CF Industries by 422.0% during the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 460 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CF shares. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective on the stock in a report on Monday, February 24th. Piper Sandler increased their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Barclays cut their price target on shares of CF Industries from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. Finally, Scotiabank upgraded CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 price objective for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $89.86.

CF Industries Stock Up 2.9 %

CF opened at $70.43 on Thursday. The stock’s fifty day simple moving average is $78.81 and its 200 day simple moving average is $84.60. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $98.25. The stock has a market cap of $11.94 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, research analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Friday, February 14th. CF Industries’s dividend payout ratio is currently 29.54%.

Insider Activity at CF Industries

In related news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the sale, the executive vice president now directly owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the transaction, the vice president now owns 15,871 shares of the company’s stock, valued at $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,889 shares of company stock valued at $1,130,955 over the last quarter. 0.42% of the stock is owned by corporate insiders.

About CF Industries

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.