HighPoint Advisor Group LLC Boosts Holdings in CF Industries Holdings, Inc. (NYSE:CF)

HighPoint Advisor Group LLC raised its position in CF Industries Holdings, Inc. (NYSE:CF) by 25.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,267 shares of the basic materials company’s stock after acquiring an additional 1,495 shares during the period. HighPoint Advisor Group LLC’s holdings in CF Industries were worth $618,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in CF. Charles Schwab Investment Management Inc. raised its position in shares of CF Industries by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock valued at $494,202,000 after purchasing an additional 225,109 shares during the last quarter. Victory Capital Management Inc. increased its stake in CF Industries by 7.1% during the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company’s stock valued at $382,901,000 after purchasing an additional 299,173 shares in the last quarter. Boston Partners lifted its stake in shares of CF Industries by 7.0% during the fourth quarter. Boston Partners now owns 3,316,616 shares of the basic materials company’s stock worth $283,044,000 after buying an additional 216,395 shares during the period. Norges Bank purchased a new stake in shares of CF Industries during the fourth quarter valued at $131,350,000. Finally, Sei Investments Co. increased its position in shares of CF Industries by 4.9% in the 4th quarter. Sei Investments Co. now owns 1,460,993 shares of the basic materials company’s stock valued at $124,652,000 after acquiring an additional 68,164 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Price Performance

Shares of CF Industries stock opened at $79.62 on Wednesday. The firm has a market cap of $13.50 billion, a PE ratio of 11.76, a P/E/G 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 business has a 50-day moving average price of $81.83 and a 200 day moving average price of $85.15.

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

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s dividend payout ratio is presently 29.54%.

Analyst Ratings Changes

Several research firms have weighed in on CF. Barclays dropped their price target on CF Industries from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 5th. Piper Sandler upped their target price on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target for the company in a research report on Monday, February 24th. Royal Bank of Canada cut their price objective on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut shares of CF Industries from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, CF Industries presently has an average rating of “Hold” and an average target price of $89.86.

Insider Activity

In related news, 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 value of $844,455.00. Following the completion of the transaction, the vice president now directly owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. This represents a 35.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $142,500.00. Following the sale, the executive vice president now directly owns 93,986 shares in the company, 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. Insiders have sold a total of 11,889 shares of company stock worth $1,130,955 over the last 90 days. 0.42% of the stock is currently owned by company insiders.

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.