Nikko Asset Management Americas Inc. Sells 1,708 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Nikko Asset Management Americas Inc. cut its stake in CF Industries Holdings, Inc. (NYSE:CF) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,396 shares of the basic materials company’s stock after selling 1,708 shares during the period. Nikko Asset Management Americas Inc.’s holdings in CF Industries were worth $887,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of CF Industries in the fourth quarter worth about $34,000. Brooklyn Investment Group bought a new position in shares of CF Industries in the third quarter worth about $39,000. Creative Financial Designs Inc. ADV raised its stake in shares of CF Industries by 50.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after buying an additional 161 shares during the last quarter. Asset Planning Inc bought a new stake in shares of CF Industries during the fourth quarter worth approximately $44,000. Finally, Arlington Trust Co LLC raised its stake in shares of CF Industries by 422.0% during the fourth quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock worth $49,000 after buying an additional 460 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the transaction, the executive vice president now owns 92,486 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following 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 disclosure for this sale can be found here. Insiders sold 11,889 shares of company stock worth $1,130,955 over the last quarter. 0.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Oppenheimer dropped their price target on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Scotiabank dropped their price target on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Finally, The Goldman Sachs Group assumed coverage on shares of CF Industries in a research note on Thursday, March 13th. They set a “neutral” rating and a $86.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $89.86.

CF Industries Stock Up 1.5 %

CF Industries stock opened at $77.76 on Tuesday. The stock has a market capitalization of $13.18 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.37 and a beta of 0.99. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month 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 company has a 50 day moving average of $85.31 and a 200-day moving average of $85.31.

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

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend 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%.

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.