CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. decreased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,155 shares of the basic materials company’s stock after selling 128 shares during the period. Sumitomo Life Insurance Co.’s holdings in CF Industries were worth $269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CF. Public Sector Pension Investment Board lifted its holdings in shares of CF Industries by 47.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 6,414 shares of the basic materials company’s stock valued at $475,000 after acquiring an additional 2,055 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of CF Industries in the second quarter worth about $386,000. Creative Planning grew its stake in shares of CF Industries by 8.8% in the second quarter. Creative Planning now owns 23,316 shares of the basic materials company’s stock valued at $1,728,000 after buying an additional 1,894 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of CF Industries during the 2nd quarter valued at about $438,000. Finally, Sanctuary Advisors LLC purchased a new position in CF Industries in the 2nd quarter worth approximately $1,297,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CF Industries news, 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 value of $264,000.00. Following the sale, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. This trade represents a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total value of $144,000.00. Following the transaction, the executive vice president now owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,389 shares of company stock worth $2,355,425 in the last three months. 0.42% of the stock is owned by insiders.

CF Industries Stock Down 0.3 %

Shares of NYSE:CF opened at $92.22 on Friday. The company’s fifty day moving average is $89.35 and its two-hundred day moving average is $84.18. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $98.25. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. CF Industries’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. Equities analysts anticipate that CF Industries Holdings, Inc. will post 6.37 EPS for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.17%. CF Industries’s dividend payout ratio is currently 31.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Scotiabank reiterated a “sector underperform” rating and set 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 report on Monday. Barclays lowered CF Industries from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $96.00 to $100.00 in a research report on Tuesday, January 21st. UBS Group increased their price target on CF Industries from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Bank of America downgraded CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a report on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $92.43.

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.