CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 9.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,175,509 shares of the basic materials company’s stock after selling 124,976 shares during the quarter. Thrivent Financial for Lutherans owned about 0.68% of CF Industries worth $100,294,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Tocqueville Asset Management L.P. boosted its position in CF Industries by 13.2% during the 4th quarter. Tocqueville Asset Management L.P. now owns 2,815 shares of the basic materials company’s stock worth $240,000 after acquiring an additional 329 shares during the period. Flagship Wealth Advisors LLC acquired a new stake in shares of CF Industries in the fourth quarter valued at $148,000. Cibc World Markets Corp lifted its holdings in shares of CF Industries by 284.5% in the fourth quarter. Cibc World Markets Corp now owns 94,564 shares of the basic materials company’s stock valued at $8,068,000 after buying an additional 69,968 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of CF Industries by 50.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock valued at $41,000 after buying an additional 161 shares during the period. Finally, Gallacher Capital Management LLC lifted its holdings in shares of CF Industries by 19.4% in the fourth quarter. Gallacher Capital Management LLC now owns 9,391 shares of the basic materials company’s stock valued at $801,000 after buying an additional 1,528 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CF. Oppenheimer cut their price objective on CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $82.00 to $75.00 in a report on Friday, January 24th. Piper Sandler upped their price objective on CF Industries from $105.00 to $115.00 and gave the company 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. Finally, Royal Bank of Canada cut their target price on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $89.86.

Insider Buying and Selling at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 8,889 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 $844,455.00. Following the transaction, the vice president now owns 15,871 shares in the company, valued at $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the completion of the transaction, the executive vice president now owns 92,486 shares in the company, valued at $8,878,656. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,889 shares of company stock worth $1,130,955 over the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

CF Industries Stock Down 1.8 %

NYSE:CF opened at $76.37 on Wednesday. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.37 and a beta of 0.99. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $98.25. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $85.06 and its 200 day moving average price is $85.26.

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

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.62%. The ex-dividend date was Friday, February 14th. CF Industries’s payout ratio is 29.54%.

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.