Los Angeles Capital Management LLC Decreases Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Los Angeles Capital Management LLC cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 55.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,675 shares of the basic materials company’s stock after selling 5,845 shares during the period. Los Angeles Capital Management LLC’s holdings in CF Industries were worth $399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Retirement Investments LLC raised its position in CF Industries by 4.7% during the fourth quarter. Commonwealth Retirement Investments LLC now owns 14,161 shares of the basic materials company’s stock worth $1,208,000 after acquiring an additional 642 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in shares of CF Industries by 47.0% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 41,709 shares of the basic materials company’s stock worth $3,559,000 after acquiring an additional 13,345 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of CF Industries in the fourth quarter valued at $2,149,000. Howard Capital Management Inc. raised its stake in CF Industries by 1.0% in the 4th quarter. Howard Capital Management Inc. now owns 50,684 shares of the basic materials company’s stock valued at $4,324,000 after purchasing an additional 495 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new stake in shares of CF Industries during the 4th quarter worth about $8,932,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 approximately $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the sale, the executive vice president now owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,889 shares of company stock worth $1,130,955 in the last 90 days. 0.42% of the stock is owned by company insiders.

CF Industries Price Performance

CF Industries stock opened at $77.92 on Tuesday. The firm has a fifty day moving average of $87.13 and a 200-day moving average of $85.60. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $98.25. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $13.21 billion, a P/E ratio of 11.51, a PEG ratio of 0.37 and a beta of 0.98.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. As a group, analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The business 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 2.57%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is presently 29.54%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Piper Sandler lifted 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. Barclays lowered 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 research note on Tuesday, January 21st. Royal Bank of Canada decreased their price target on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Finally, Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective for the company in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $90.54.

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.