Royal London Asset Management Ltd. Purchases 7,919 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Royal London Asset Management Ltd. grew its position in CF Industries Holdings, Inc. (NYSE:CF) by 22.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 43,674 shares of the basic materials company’s stock after buying an additional 7,919 shares during the period. Royal London Asset Management Ltd.’s holdings in CF Industries were worth $3,747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in CF Industries by 401.2% in the 2nd quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock valued at $269,729,000 after acquiring an additional 2,912,942 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of CF Industries by 7,617.5% during the third quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after buying an additional 431,910 shares during the last quarter. FMR LLC increased its holdings in CF Industries by 3.8% in the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after buying an additional 300,050 shares in the last quarter. LSV Asset Management raised its position in CF Industries by 154.3% in the 2nd quarter. LSV Asset Management now owns 408,703 shares of the basic materials company’s stock worth $30,293,000 after buying an additional 248,003 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in CF Industries by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock valued at $212,823,000 after acquiring an additional 198,246 shares during the period. Institutional investors own 93.06% of the company’s stock.

CF Industries Price Performance

NYSE CF opened at $88.44 on Monday. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.41 and a beta of 0.98. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $94.46. The company’s 50 day moving average is $86.59 and its two-hundred day moving average is $80.33. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm earned $0.85 EPS. The company’s revenue was up 7.6% on a year-over-year basis. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, November 15th. CF Industries’s dividend payout ratio is currently 31.65%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Barclays boosted their target price on shares of CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Bank of America downgraded CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 16th. Piper Sandler upped their price objective on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Finally, Mizuho increased their target price on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.42.

Insider Activity at CF Industries

In related news, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This trade represents a 2.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the sale, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. This represents a 19.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,701 shares of company stock valued at $2,052,704. 0.42% of the stock is owned by company insiders.

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.