State Street Corp Cuts Stake in CF Industries Holdings, Inc. (NYSE:CF)

State Street Corp lowered its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 11.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,950,277 shares of the basic materials company’s stock after selling 1,019,595 shares during the period. State Street Corp owned about 4.57% of CF Industries worth $682,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB grew its stake in CF Industries by 9.7% in the second quarter. Swedbank AB now owns 261,383 shares of the basic materials company’s stock valued at $19,374,000 after purchasing an additional 23,144 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in CF Industries by 17.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock valued at $3,724,000 after purchasing an additional 7,294 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in CF Industries in the third quarter valued at about $3,149,000. Cetera Investment Advisers grew its stake in CF Industries by 286.0% in the first quarter. Cetera Investment Advisers now owns 34,439 shares of the basic materials company’s stock valued at $2,866,000 after purchasing an additional 25,516 shares during the last quarter. Finally, AMG National Trust Bank purchased a new position in CF Industries in the third quarter valued at about $887,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Insiders Place Their Bets

In other 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the transaction, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at $9,077,640. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,701 shares of company stock worth $2,052,704 in the last quarter. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank of Canada lifted their target price on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Mizuho upped their target price on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Scotiabank lifted their price target on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Redburn Atlantic initiated coverage on CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective for the company. Finally, Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $88.42.

CF Industries Stock Down 1.0 %

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

CF Industries (NYSE:CF) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.26%. CF Industries’s dividend payout ratio (DPR) is currently 31.65%.

CF Industries 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.