Sumitomo Mitsui Trust Group Inc. Reduces Position in CF Industries Holdings, Inc. (NYSE:CF)

Sumitomo Mitsui Trust Group Inc. lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 492,171 shares of the basic materials company’s stock after selling 26,023 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CF Industries were worth $41,992,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division bought a new position in CF Industries in the 4th quarter valued at $74,000. Kingsview Wealth Management LLC bought a new stake in shares of CF Industries during the 3rd quarter worth $3,149,000. AMG National Trust Bank bought a new position in CF Industries in the third quarter valued at $887,000. Quantinno Capital Management LP boosted its holdings in shares of CF Industries by 118.7% in the 3rd quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company’s stock worth $1,372,000 after purchasing an additional 8,679 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in CF Industries by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 17,170 shares of the basic materials company’s stock valued at $1,465,000 after buying an additional 3,801 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 7,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $90.78, for a total value of $635,460.00. Following the transaction, the vice president now owns 22,211 shares in the company, valued at approximately $2,016,314.58. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,389 shares of company stock worth $2,355,425. 0.42% of the stock is owned by corporate insiders.

CF Industries Trading Up 3.5 %

NYSE:CF opened at $87.00 on Tuesday. The stock has a 50-day simple moving average of $89.36 and a 200-day simple moving average of $85.20. The stock has a market cap of $15.14 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.39 and a beta of 0.98. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25. 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 Dividend Announcement

The company 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 $0.50 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.30%. CF Industries’s payout ratio is currently 31.65%.

Analysts Set New Price Targets

A number of brokerages have commented on CF. JPMorgan Chase & Co. cut CF Industries from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Barclays downgraded CF Industries from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $96.00 to $100.00 in a report on Tuesday, January 21st. UBS Group raised their target price on shares of CF Industries from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Piper Sandler upped their target price on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Finally, Scotiabank reissued a “sector underperform” rating and set a $88.00 price objective on shares of CF Industries in a research report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $92.43.

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.