Transcend Capital Advisors LLC Raises Stake in CF Industries Holdings, Inc. (NYSE:CF)

Transcend Capital Advisors LLC increased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 4.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,312 shares of the basic materials company’s stock after purchasing an additional 137 shares during the period. Transcend Capital Advisors LLC’s holdings in CF Industries were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC increased its stake in CF Industries by 3.8% in 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 last quarter. Charles Schwab Investment Management Inc. increased its stake 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 last quarter. Victory Capital Management Inc. increased its stake 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 last quarter. Thrivent Financial for Lutherans increased its stake 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 last quarter. Finally, AustralianSuper Pty Ltd increased its stake in CF Industries by 8.6% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,187,445 shares of the basic materials company’s stock worth $101,313,000 after acquiring an additional 93,560 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Oppenheimer decreased their target price on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Barclays lowered CF Industries from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $96.00 to $100.00 in a research note on Tuesday, January 21st. Royal Bank of Canada lowered CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective on the stock. in a research report on Tuesday, January 21st. Finally, Piper Sandler increased their price objective on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $92.29.

CF Industries Price Performance

CF opened at $77.90 on Monday. The stock’s 50 day simple moving average is $87.91 and its 200 day simple moving average is $85.67. 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 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 $13.56 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 0.37 and a beta of 0.98.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. As a group, analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors 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 annualized dividend and a yield of 2.57%. CF Industries’s payout ratio is 29.54%.

Insiders Place Their Bets

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the sale, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $142,500.00. Following the completion of the sale, the executive vice president now owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. This trade represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,389 shares of company stock worth $1,455,965. 0.42% of the stock is currently owned by company insiders.

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.