Handelsbanken Fonder AB Has $3.30 Million Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Handelsbanken Fonder AB reduced its stake in CF Industries Holdings, Inc. (NYSE:CF) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,700 shares of the basic materials company’s stock after selling 3,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in CF Industries were worth $3,302,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ieq Capital LLC increased its holdings in CF Industries by 544.4% during the fourth quarter. Ieq Capital LLC now owns 20,091 shares of the basic materials company’s stock worth $1,714,000 after buying an additional 16,973 shares during the last quarter. Convergence Investment Partners LLC bought a new stake in shares of CF Industries during the 4th quarter valued at $1,200,000. Venturi Wealth Management LLC lifted its holdings in shares of CF Industries by 1,609.0% in the fourth quarter. Venturi Wealth Management LLC now owns 3,213 shares of the basic materials company’s stock worth $274,000 after buying an additional 3,025 shares in the last quarter. D.A. Davidson & CO. bought a new position in CF Industries in the 4th quarter valued at $475,000. Finally, Truist Financial Corp grew its position in CF Industries by 13.6% during the fourth quarter. Truist Financial Corp now owns 8,468 shares of the basic materials company’s stock worth $722,000 after buying an additional 1,011 shares in the last quarter. 93.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank of Canada downgraded CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target on the stock. in a research report on Tuesday, January 21st. Barclays lowered CF Industries from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $96.00 to $100.00 in a research report on Tuesday, January 21st. UBS Group cut their target price on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday. Piper Sandler raised their price objective on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Finally, Oppenheimer lowered their price objective on CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $92.29.

CF Industries Price Performance

Shares of NYSE CF opened at $77.90 on Monday. The firm has a market cap of $13.56 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.37 and a beta of 0.98. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $98.25. The business’s 50 day moving average price is $87.91 and its 200 day moving average price is $85.67. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations 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 expect that CF Industries Holdings, Inc. will post 5.83 earnings per share 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. 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 2.57%. CF Industries’s payout ratio is 29.54%.

Insider Transactions at CF Industries

In other CF Industries news, 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 transaction of $144,000.00. Following the sale, the executive vice president now directly owns 92,486 shares in the company, valued at $8,878,656. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction on 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 directly owns 15,871 shares of the company’s stock, valued at $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,389 shares of company stock worth $1,455,965 in the last quarter. Company insiders own 0.42% of the company’s stock.

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.