Nomura Asset Management Co. Ltd. Sells 264 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Nomura Asset Management Co. Ltd. reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 92,184 shares of the basic materials company’s stock after selling 264 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in CF Industries were worth $7,865,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in CF Industries during the fourth quarter worth $131,350,000. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new stake in shares of CF Industries in the 4th quarter worth $37,247,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of CF Industries by 459.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 435,352 shares of the basic materials company’s stock valued at $36,583,000 after purchasing an additional 357,531 shares during the last quarter. Barclays PLC lifted its position in shares of CF Industries by 68.9% during the third quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock valued at $63,263,000 after purchasing an additional 300,873 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in CF Industries by 7.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company’s stock worth $382,901,000 after purchasing an additional 299,173 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $142,500.00. Following the completion of the sale, the executive vice president now directly owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. The trade was a 1.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s 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 completion of the transaction, the vice president now owns 15,871 shares of the company’s stock, valued at $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,889 shares of company stock valued at $1,130,955. Company insiders own 0.42% of the company’s stock.

CF Industries Stock Performance

Shares of CF opened at $78.11 on Tuesday. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $98.25. The stock’s 50-day simple moving average is $82.11 and its 200 day simple moving average is $85.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.37 and a beta of 0.99.

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

CF Industries Dividend Announcement

The company 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. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.56%. CF Industries’s payout ratio is currently 29.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CF shares. 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 research report on Monday, January 27th. Oppenheimer cut their price objective on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Royal Bank of Canada reduced their price objective on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Finally, Scotiabank decreased their price objective on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company 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 issued a buy rating to the company’s stock. According to MarketBeat, CF Industries presently has an average rating of “Hold” and an average target price of $89.86.

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.