CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in CF Industries Holdings, Inc. (NYSE:CF) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,318,453 shares of the basic materials company’s stock after selling 276,763 shares during the period. Bank of New York Mellon Corp owned about 0.76% of CF Industries worth $112,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in shares of CF Industries in the 4th quarter valued at $34,000. Brooklyn Investment Group acquired a new position in shares of CF Industries in the 3rd quarter valued at $39,000. Asset Planning Inc acquired a new position in shares of CF Industries in the 4th quarter valued at $44,000. Arlington Trust Co LLC increased its holdings in CF Industries by 422.0% in the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 460 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in CF Industries in the 4th quarter worth $49,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CF shares. Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $96.00 to $100.00 in a report on Tuesday, January 21st. Royal Bank of Canada cut their price target on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Scotiabank cut their price target on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a report on Monday, February 24th. Finally, UBS Group cut their price target on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average target price of $90.54.

Insider Activity at CF Industries

In related news, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $142,500.00. Following the completion of the sale, the executive vice president now owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. This represents a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the sale, the vice president now directly owns 15,871 shares of the company’s stock, valued at $1,507,745. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,389 shares of company stock valued at $1,455,965. 0.42% of the stock is owned by company insiders.

CF Industries Price Performance

CF Industries stock opened at $80.99 on Friday. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $98.25. The firm has a market capitalization of $13.73 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.37 and a beta of 0.98. The company has a fifty day simple moving average of $87.27 and a 200-day simple moving average of $85.58. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. On average, equities analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, February 14th. CF Industries’s dividend payout ratio is currently 29.54%.

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.