CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by SVB Wealth LLC

Posted by on May 28th, 2023

SVB Wealth LLC lessened its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF – Get Rating) by 10.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,001 shares of the basic materials company’s stock after selling 364 shares during the quarter. SVB Wealth LLC’s holdings in CF Industries were worth $256,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Kentucky Retirement Systems raised its holdings in CF Industries by 0.7% during the third quarter. Kentucky Retirement Systems now owns 15,598 shares of the basic materials company’s stock worth $1,501,000 after purchasing an additional 116 shares in the last quarter. Centaurus Financial Inc. raised its holdings in CF Industries by 8.6% during the third quarter. Centaurus Financial Inc. now owns 1,521 shares of the basic materials company’s stock worth $146,000 after purchasing an additional 120 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in CF Industries by 3.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 4,238 shares of the basic materials company’s stock worth $361,000 after purchasing an additional 125 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in CF Industries by 3.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 3,544 shares of the basic materials company’s stock worth $302,000 after purchasing an additional 129 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its holdings in CF Industries by 3.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 4,404 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 92.94% of the company’s stock.

CF Industries Stock Down 1.6 %

Shares of NYSE:CF opened at $62.85 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.97 and a current ratio of 4.46. CF Industries Holdings, Inc. has a 1 year low of $62.55 and a 1 year high of $119.60. The stock has a market capitalization of $12.25 billion, a P/E ratio of 4.20, a PEG ratio of 1.30 and a beta of 1.01. The stock has a 50-day simple moving average of $70.96 and a 200-day simple moving average of $83.45.

CF Industries (NYSE:CF – Get Rating) last issued its earnings results on Monday, May 1st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.22. CF Industries had a return on equity of 42.23% and a net margin of 29.26%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business earned $4.21 EPS. The company’s revenue for the quarter was down 29.8% on a year-over-year basis. Equities analysts forecast that CF Industries Holdings, Inc. will post 8.2 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Friday, May 12th. CF Industries’s payout ratio is 10.70%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CF shares. Wells Fargo & Company lowered their target price on shares of CF Industries from $109.00 to $102.00 and set an “overweight” rating on the stock in a research report on Monday, April 17th. Stifel Nicolaus lowered their target price on shares of CF Industries from $79.00 to $76.00 in a research report on Tuesday, May 16th. Mizuho lowered their target price on shares of CF Industries from $101.00 to $83.00 in a research report on Friday, April 28th. Piper Sandler lowered shares of CF Industries from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $80.00 in a research report on Thursday, May 11th. Finally, The Goldman Sachs Group lowered their target price on shares of CF Industries from $126.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, CF Industries currently has an average rating of “Moderate Buy” and an average price target of $94.71.

CF Industries Company Profile

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CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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