BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $2.62 Million Holdings in CF Industries Holdings, Inc. (NYSE:CF)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 15.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,505 shares of the basic materials company’s stock after selling 5,453 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in CF Industries were worth $2,617,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CF. Victory Capital Management Inc. lifted its stake in CF Industries by 401.2% in the 2nd quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock valued at $269,729,000 after purchasing an additional 2,912,942 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of CF Industries by 7,617.5% in the third quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after buying an additional 431,910 shares during the last quarter. FMR LLC boosted its stake 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 acquiring an additional 300,050 shares during the period. LSV Asset Management increased its holdings in shares of CF Industries by 154.3% during the 2nd quarter. LSV Asset Management now owns 408,703 shares of the basic materials company’s stock worth $30,293,000 after acquiring an additional 248,003 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in CF Industries by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock valued at $212,823,000 after acquiring an additional 198,246 shares during the period. Institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Mizuho raised their target price on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Scotiabank boosted their price objective on CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Piper Sandler increased their target price on CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Redburn Atlantic assumed coverage on CF Industries in a research note on Friday, October 18th. They issued a “neutral” rating and a $77.00 price target for the company. Finally, UBS Group increased their price objective on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $88.42.

Insiders Place Their Bets

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now directly owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. The trade was a 19.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Susan L. Menzel sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total transaction of $325,010.00. Following the sale, the executive vice president now directly owns 62,768 shares of the company’s stock, valued at approximately $5,828,636.48. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,701 shares of company stock worth $2,052,704. 0.48% of the stock is currently owned by insiders.

CF Industries Trading Down 2.8 %

Shares of NYSE CF opened at $91.50 on Thursday. The firm has a 50 day moving average price of $86.30 and a two-hundred day moving average price of $80.10. The stock has a market cap of $15.92 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 2.40 and a beta of 0.98. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $94.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $0.85 EPS. CF Industries’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities analysts forecast that CF Industries Holdings, Inc. will post 6.32 EPS for the current year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Friday, November 15th. CF Industries’s payout ratio is presently 31.65%.

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.