Raymond James Financial Inc. Buys Shares of 174,436 CF Industries Holdings, Inc. (NYSE:CF)

Raymond James Financial Inc. bought a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 174,436 shares of the basic materials company’s stock, valued at approximately $14,883,000. Raymond James Financial Inc. owned 0.10% of CF Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CF. Barclays PLC boosted its holdings in shares of CF Industries by 68.9% during the 3rd quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock worth $63,263,000 after buying an additional 300,873 shares in the last quarter. FMR LLC boosted its holdings in shares of CF Industries by 3.8% during the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after buying an additional 300,050 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of CF Industries by 7.1% during the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company’s stock worth $382,901,000 after buying an additional 299,173 shares in the last quarter. National Pension Service boosted its holdings in shares of CF Industries by 2,848.4% during the 4th quarter. National Pension Service now owns 290,384 shares of the basic materials company’s stock worth $24,776,000 after buying an additional 280,535 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of CF Industries by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock worth $494,202,000 after buying an additional 225,109 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

CF has been the topic of a number of recent research reports. Piper Sandler increased their target price on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. JPMorgan Chase & Co. cut CF Industries from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price on the stock in a report on Monday, February 24th. UBS Group cut their target price on CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Finally, Scotiabank cut their target price on CF Industries from $88.00 to $81.00 and set a “sector underperform” rating on the stock in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $89.86.

CF Industries Trading Down 1.8 %

Shares of CF Industries stock opened at $76.37 on Wednesday. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25. The firm has a market cap of $12.95 billion, a PE ratio of 11.28, a P/E/G ratio of 0.37 and a beta of 0.99. The stock has a fifty day moving average price of $85.06 and a 200-day moving average price of $85.26. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52.

CF Industries (NYSE:CF) last announced its 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. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.62%. The ex-dividend date was Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is currently 29.54%.

Insider Buying and Selling

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the transaction, the vice president now owns 15,871 shares of the company’s stock, valued at $1,507,745. The trade was a 35.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $142,500.00. Following the transaction, the executive vice president now directly owns 93,986 shares of the company’s stock, valued at $8,928,670. The trade was a 1.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,889 shares of company stock valued at $1,130,955. 0.42% of the stock is owned by 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.