Rhumbline Advisers Reduces Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Posted by Defense World Staff on Aug 28th, 2023

Rhumbline Advisers lowered its position in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 3.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 431,756 shares of the basic materials company’s stock after selling 13,133 shares during the period. Rhumbline Advisers owned 0.22% of CF Industries worth $31,298,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of CF Industries by 0.4% in the first quarter. Vanguard Group Inc. now owns 25,747,358 shares of the basic materials company’s stock valued at $2,653,523,000 after purchasing an additional 94,482 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of CF Industries by 3.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,144,184 shares of the basic materials company’s stock worth $1,034,684,000 after acquiring an additional 354,257 shares during the last quarter. Morgan Stanley raised its holdings in shares of CF Industries by 101.0% during the 4th quarter. Morgan Stanley now owns 4,014,385 shares of the basic materials company’s stock worth $342,026,000 after acquiring an additional 2,017,325 shares during the period. Bank of New York Mellon Corp boosted its position in shares of CF Industries by 35.8% during the 1st quarter. Bank of New York Mellon Corp now owns 3,776,846 shares of the basic materials company’s stock valued at $273,784,000 after acquiring an additional 995,975 shares during the last quarter. Finally, Bank of America Corp DE increased its position in CF Industries by 7.3% during the fourth quarter. Bank of America Corp DE now owns 2,851,250 shares of the basic materials company’s stock worth $242,927,000 after purchasing an additional 193,727 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CF shares. Bank of America raised their price target on shares of CF Industries from $95.00 to $98.00 in a report on Monday, August 7th. JPMorgan Chase & Co. upped their price target on CF Industries from $70.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of CF Industries in a research report on Tuesday, August 8th. BMO Capital Markets decreased their target price on shares of CF Industries from $115.00 to $105.00 in a research report on Wednesday, May 3rd. Finally, Piper Sandler lifted their price target on shares of CF Industries from $80.00 to $92.00 in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $91.06.

Get Our Latest Research Report on CF Industries

CF Industries Trading Up 0.0 %

CF opened at $73.58 on Monday. The business has a fifty day moving average price of $75.77 and a 200 day moving average price of $74.44. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.55 and a quick ratio of 6.03. CF Industries Holdings, Inc. has a 12 month low of $60.08 and a 12 month high of $119.60. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 1.53 and a beta of 1.05.

CF Industries (NYSE:CF – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.55. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.85 billion. CF Industries had a return on equity of 31.18% and a net margin of 27.36%. Sell-side analysts expect that CF Industries Holdings, Inc. will post 7.99 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. CF Industries’s payout ratio is 13.25%.

Insider Transactions at CF Industries

In other CF Industries news, VP Douglas C. Barnard sold 17,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $61.28, for a total value of $1,041,760.00. Following the sale, the vice president now directly owns 24,789 shares in the company, valued at $1,519,069.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CF Industries news, VP Douglas C. Barnard sold 17,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $61.28, for a total value of $1,041,760.00. Following the transaction, the vice president now directly owns 24,789 shares in the company, valued at $1,519,069.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bert A. Frost sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $60.99, for a total transaction of $914,850.00. Following the sale, the senior vice president now owns 47,539 shares of the company’s stock, valued at approximately $2,899,403.61. The disclosure for this sale can be found here. In the last three months, insiders sold 41,700 shares of company stock valued at $2,736,199. Insiders own 0.42% of the company’s stock.

CF Industries Profile

(Free Report)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.