CF Industries Holdings, Inc. (NYSE:CF) Stake Decreased by Montgomery Investment Management Inc.

Montgomery Investment Management Inc. decreased its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,440 shares of the basic materials company’s stock after selling 3,000 shares during the quarter. CF Industries accounts for about 1.9% of Montgomery Investment Management Inc.’s investment portfolio, making the stock its 17th largest position. Montgomery Investment Management Inc.’s holdings in CF Industries were worth $4,730,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of CF Industries by 3.8% in the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock valued at $711,003,000 after purchasing an additional 300,050 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in CF Industries by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock worth $477,668,000 after acquiring an additional 22,392 shares during the period. Victory Capital Management Inc. raised its holdings in CF Industries by 15.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock worth $359,386,000 after acquiring an additional 549,569 shares during the period. Thrivent Financial for Lutherans raised its holdings in CF Industries by 10.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,300,485 shares of the basic materials company’s stock worth $111,582,000 after acquiring an additional 120,193 shares during the period. Finally, AustralianSuper Pty Ltd raised its holdings in CF Industries by 2.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,093,885 shares of the basic materials company’s stock worth $93,855,000 after acquiring an additional 25,701 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Price Performance

Shares of CF stock opened at $94.14 on Wednesday. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25. The firm’s 50 day moving average is $89.62 and its 200-day moving average is $84.79. The firm has a market capitalization of $16.38 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 0.74 and a beta of 0.97. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.12%. CF Industries’s payout ratio is 31.65%.

Insider Transactions at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total value of $325,010.00. Following the completion of the sale, the executive vice president now owns 62,768 shares of the company’s stock, valued at approximately $5,828,636.48. This represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the sale, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at $9,077,640. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,389 shares of company stock worth $2,355,425. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Piper Sandler lifted their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a report on Wednesday, October 16th. UBS Group boosted their price objective on shares of CF Industries from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Oppenheimer lowered their target price on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada cut shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price on the stock. in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average target price of $92.43.

CF Industries 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.