CF Industries Holdings, Inc. (NYSE:CF) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 310,936 shares of the basic materials company’s stock after purchasing an additional 10,048 shares during the period. Van ECK Associates Corp’s holdings in CF Industries were worth $26,529,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CF. Lester Murray Antman dba SimplyRich acquired a new position in shares of CF Industries in the fourth quarter worth about $256,000. Arlington Trust Co LLC boosted its holdings in shares of CF Industries by 422.0% in the fourth quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock worth $49,000 after buying an additional 460 shares during the period. Savant Capital LLC boosted its holdings in shares of CF Industries by 20.3% in the fourth quarter. Savant Capital LLC now owns 5,447 shares of the basic materials company’s stock worth $465,000 after buying an additional 921 shares during the period. Empowered Funds LLC boosted its holdings in shares of CF Industries by 30.6% in the fourth quarter. Empowered Funds LLC now owns 81,720 shares of the basic materials company’s stock worth $6,972,000 after buying an additional 19,156 shares during the period. Finally, Vest Financial LLC boosted its holdings in shares of CF Industries by 20.3% in the fourth quarter. Vest Financial LLC now owns 414,376 shares of the basic materials company’s stock worth $35,355,000 after buying an additional 69,960 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CF has been the subject of several recent analyst reports. Barclays cut shares of CF Industries from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $96.00 to $100.00 in a report on Tuesday, January 21st. Oppenheimer reduced their price target on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Piper Sandler increased their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. UBS Group increased their price target 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. Finally, JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $92.43.

CF Industries Price Performance

Shares of CF opened at $82.45 on Friday. The firm has a market cap of $14.35 billion, a PE ratio of 13.05, a PEG ratio of 0.39 and a beta of 0.98. The firm’s 50 day moving average price is $88.69 and its 200 day moving average price is $85.27. 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 twelve month low of $69.13 and a twelve month high of $98.25.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, February 14th. CF Industries’s dividend payout ratio is 31.65%.

Insider Activity

In other news, VP Ashraf K. Malik sold 8,889 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the sale, the vice president now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the sale, the executive vice president now owns 92,486 shares in the company, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,389 shares of company stock valued at $2,355,425 over the last 90 days. 0.42% of the stock is currently owned by company insiders.

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.