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

Carnegie Capital Asset Management LLC reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CFFree Report) by 49.7% during the fourth quarter, Holdings Channel reports. The firm owned 4,575 shares of the basic materials company’s stock after selling 4,524 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in CF Industries were worth $364,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in CF Industries by 9.5% during the 3rd quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company’s stock valued at $1,635,000 after purchasing an additional 1,636 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of CF Industries by 926.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company’s stock valued at $15,751,000 after buying an additional 165,808 shares in the last quarter. Comerica Bank boosted its holdings in shares of CF Industries by 133.8% during the 3rd quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock valued at $4,677,000 after buying an additional 31,215 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of CF Industries during the 4th quarter valued at $1,627,000. Finally, Raymond James & Associates boosted its holdings in shares of CF Industries by 25.4% during the 4th quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock valued at $10,608,000 after buying an additional 27,027 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the sale, the executive vice president now owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CF. Wells Fargo & Company dropped their target price on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of CF Industries in a report on Friday, February 16th. Piper Sandler cut shares of CF Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $87.00 to $82.00 in a report on Thursday, February 29th. Barclays upgraded shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 target price on the stock in a report on Friday, January 12th. Finally, Wolfe Research initiated coverage on shares of CF Industries in a research note on Friday, March 1st. They issued an “outperform” rating and a $99.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $87.94.

Check Out Our Latest Research Report on CF Industries

CF Industries Price Performance

CF opened at $77.80 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.44 and a current ratio of 3.81. The stock has a market capitalization of $14.61 billion, a P/E ratio of 9.92, a P/E/G ratio of 2.23 and a beta of 1.03. The company’s 50-day simple moving average is $81.34 and its two-hundred day simple moving average is $79.77. CF Industries Holdings, Inc. has a 52-week low of $60.08 and a 52-week high of $87.90.

CF Industries (NYSE:CFGet Free Report) last posted its earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.12). The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion. CF Industries had a net margin of 23.00% and a return on equity of 18.44%. CF Industries’s revenue was down 39.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.35 EPS. As a group, analysts predict that CF Industries Holdings, Inc. will post 5.85 EPS for the current year.

CF Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.57%. This is a positive change from CF Industries’s previous quarterly dividend of $0.40. CF Industries’s dividend payout ratio is presently 25.51%.

CF Industries Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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