American Century Companies Inc. lessened its stake in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 60.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,532 shares of the basic materials company’s stock after selling 386,829 shares during the quarter. American Century Companies Inc. owned about 0.13% of CF Industries worth $17,886,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley lifted its stake in CF Industries by 101.0% during the fourth quarter. Morgan Stanley now owns 4,014,385 shares of the basic materials company’s stock worth $342,026,000 after purchasing an additional 2,017,325 shares during the last quarter. Norges Bank bought a new stake in shares of CF Industries during the 4th quarter worth $159,602,000. Bank of New York Mellon Corp boosted its stake in CF Industries by 35.8% in the first 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 buying an additional 995,975 shares in the last quarter. Pacer Advisors Inc. grew its position in CF Industries by 29.5% in the first quarter. Pacer Advisors Inc. now owns 2,553,059 shares of the basic materials company’s stock valued at $185,071,000 after acquiring an additional 581,772 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in CF Industries by 316.1% during the first quarter. Envestnet Asset Management Inc. now owns 689,070 shares of the basic materials company’s stock worth $11,199,000 after acquiring an additional 523,452 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of CF Industries from $76.00 to $74.00 in a report on Friday, June 30th. 888 reaffirmed a “maintains” rating on shares of CF Industries in a research note on Tuesday, May 30th. Morgan Stanley raised their price objective on CF Industries from $70.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. HSBC lowered their target price on CF Industries from $85.00 to $83.00 and set a “hold” rating for the company in a report on Wednesday, July 26th. Finally, Piper Sandler boosted their price target on CF Industries from $80.00 to $92.00 in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $91.06.
CF Industries Stock Up 0.4 %
Shares of NYSE CF opened at $77.07 on Friday. CF Industries Holdings, Inc. has a 52-week low of $60.08 and a 52-week high of $116.68. The company has a debt-to-equity ratio of 0.35, a quick ratio of 6.03 and a current ratio of 6.55. The company’s 50 day moving average price is $76.02 and its 200-day moving average price is $74.21. The company has a market capitalization of $14.87 billion, a P/E ratio of 6.38, a price-to-earnings-growth ratio of 1.57 and a beta of 1.05.
CF Industries (NYSE:CF – Get Free Report) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.55. CF Industries had a net margin of 27.36% and a return on equity of 31.18%. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.85 billion. Equities analysts forecast that CF Industries Holdings, Inc. will post 7.99 earnings per share for the current year.
CF Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.60 annualized dividend and a yield of 2.08%. CF Industries’s dividend payout ratio is currently 13.25%.
Insiders Place Their Bets
In other news, EVP Douglas C. Barnard sold 9,700 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $80.37, for a total transaction of $779,589.00. Following the completion of the sale, the executive vice president now owns 15,089 shares of the company’s stock, valued at approximately $1,212,702.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.44% of the stock is currently owned by corporate insiders.
About CF Industries
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.
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