Skandinaviska Enskilda Banken AB publ Boosts Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 459.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 435,352 shares of the basic materials company’s stock after acquiring an additional 357,531 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in CF Industries were worth $36,583,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Checchi Capital Advisers LLC boosted its holdings in shares of CF Industries by 4.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company’s stock worth $221,000 after purchasing an additional 108 shares during the period. Brooklyn Investment Group boosted its stake in CF Industries by 26.9% during the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock worth $49,000 after buying an additional 122 shares during the period. Oppenheimer Asset Management Inc. increased its position in CF Industries by 1.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company’s stock valued at $602,000 after acquiring an additional 126 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of CF Industries by 2.3% in the fourth quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company’s stock valued at $482,000 after acquiring an additional 127 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in shares of CF Industries by 4.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,883 shares of the basic materials company’s stock worth $247,000 after purchasing an additional 135 shares during the period. Institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Piper Sandler increased their price target on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective for the company in a report on Monday, February 24th. Royal Bank of Canada reduced their target price on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Finally, Scotiabank lowered their target price on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $90.15.

Insider Activity

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the sale, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $142,500.00. Following the sale, the executive vice president now owns 93,986 shares in the company, valued at $8,928,670. The trade was a 1.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,889 shares of company stock worth $1,130,955. Corporate insiders own 0.42% of the company’s stock.

CF Industries Stock Performance

Shares of CF stock opened at $77.80 on Thursday. The firm has a market cap of $13.19 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 0.37 and a beta of 0.99. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $98.25. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $85.97 and its 200 day moving average is $85.39.

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

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s payout ratio is 29.54%.

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.