Jennison Associates LLC Cuts Stake in CF Industries Holdings, Inc. (NYSE:CF)

Jennison Associates LLC cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,783 shares of the basic materials company’s stock after selling 1,262 shares during the quarter. Jennison Associates LLC owned about 0.05% of CF Industries worth $7,615,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of CF Industries by 34.2% during the third quarter. Bank of New York Mellon Corp now owns 5,213,654 shares of the basic materials company’s stock worth $447,019,000 after acquiring an additional 1,329,677 shares during the last quarter. Northern Trust Corp increased its position in shares of CF Industries by 4.3% during the third quarter. Northern Trust Corp now owns 3,644,100 shares of the basic materials company’s stock worth $312,445,000 after acquiring an additional 151,148 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of CF Industries by 7.1% during the fourth quarter. Pacer Advisors Inc. now owns 3,078,652 shares of the basic materials company’s stock worth $244,753,000 after acquiring an additional 204,536 shares during the last quarter. Boston Partners purchased a new stake in shares of CF Industries during the third quarter worth about $160,475,000. Finally, Earnest Partners LLC increased its position in shares of CF Industries by 7.4% during the third quarter. Earnest Partners LLC now owns 1,714,890 shares of the basic materials company’s stock worth $147,035,000 after acquiring an additional 118,308 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Trading Up 0.1 %

CF Industries stock opened at $80.01 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 3.44. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 2.25 and a beta of 1.03. CF Industries Holdings, Inc. has a one year low of $60.08 and a one year high of $87.90. The company’s fifty day moving average price is $81.55 and its two-hundred day moving average price is $79.67.

CF Industries (NYSE:CF) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company earned $4.35 earnings per share. The firm’s revenue was down 39.8% on a year-over-year basis. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.86 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s payout ratio is presently 25.51%.

Insider Activity at CF Industries

In related news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the sale, the executive vice president now owns 64,030 shares in the company, valued at $5,442,550. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on CF. Bank of America reiterated a “neutral” rating and issued a $88.00 price target (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of CF Industries in a research note on Friday, February 16th. UBS Group downgraded CF Industries from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $95.00 to $83.00 in a research note on Wednesday, January 31st. Piper Sandler downgraded CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $87.00 to $82.00 in a research note on Thursday, February 29th. Finally, Barclays upgraded CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 target price for the company in a research report on Friday, January 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.47.

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.