Hartford Investment Management Co. Has $920,000 Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Hartford Investment Management Co. reduced its position in CF Industries Holdings, Inc. (NYSE:CF) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,781 shares of the basic materials company’s stock after selling 645 shares during the period. Hartford Investment Management Co.’s holdings in CF Industries were worth $920,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CF. Exchange Traded Concepts LLC bought a new stake in CF Industries in the third quarter worth approximately $109,000. Wolff Wiese Magana LLC bought a new stake in CF Industries in the third quarter worth $28,000. Bleakley Financial Group LLC acquired a new position in CF Industries during the third quarter worth $232,000. Blue Trust Inc. raised its holdings in CF Industries by 29.7% during the third quarter. Blue Trust Inc. now owns 8,472 shares of the basic materials company’s stock valued at $727,000 after buying an additional 1,941 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of CF Industries by 7.6% in the third quarter. Raymond James & Associates now owns 143,050 shares of the basic materials company’s stock worth $12,274,000 after buying an additional 10,092 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CF shares. Scotiabank reissued a “sector underperform” rating and issued a $88.00 price objective on shares of CF Industries in a research note on Friday, January 24th. Piper Sandler boosted their price objective on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Redburn Atlantic assumed coverage on shares of CF Industries in a research note on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price on the stock. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Finally, Barclays lowered CF Industries from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $96.00 to $100.00 in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $92.43.

CF Industries Trading Up 1.2 %

Shares of CF stock opened at $82.45 on Friday. The company has a market capitalization of $14.35 billion, a P/E ratio of 13.05, a P/E/G ratio of 0.39 and a beta of 0.98. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $98.25. 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 firm has a 50-day moving average price of $88.69 and a 200 day moving average price of $85.27.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is currently 31.65%.

Insider Transactions at CF Industries

In other news, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total transaction of $635,460.00. Following the transaction, the vice president now directly owns 22,211 shares in the company, valued at approximately $2,016,314.58. This represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bert A. Frost sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the sale, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at approximately $9,077,640. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,389 shares of company stock valued at $2,355,425 in the last three months. 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.