Allstate Corp Makes New $460,000 Investment in CF Industries Holdings, Inc. (NYSE:CF)

Allstate Corp bought a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,389 shares of the basic materials company's stock, valued at approximately $460,000.

Several other large investors also recently made changes to their positions in CF. Norges Bank bought a new position in CF Industries in the 4th quarter worth approximately $131,350,000. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new position in CF Industries during the 4th quarter worth $37,247,000. Skandinaviska Enskilda Banken AB publ grew its stake 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 worth $36,583,000 after purchasing an additional 357,531 shares in the last quarter. Barclays PLC increased its holdings 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 during the period. Finally, Victory Capital Management Inc. raised its stake in shares of 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 valued at $382,901,000 after purchasing an additional 299,173 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

CF Industries Trading Down 8.7 %

Shares of NYSE CF traded down $6.95 during mid-day trading on Friday, hitting $72.91. 4,001,482 shares of the company traded hands, compared to its average volume of 2,083,132. The business has a 50 day moving average of $80.94 and a two-hundred day moving average of $85.08. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 0.37 and a beta of 0.84. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year 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.

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CF Industries (NYSE:CF - Get Free Report) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. On average, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.74%. CF Industries's dividend payout ratio is 29.54%.

Analyst Upgrades and Downgrades

CF has been the subject of a number of recent analyst reports. UBS Group decreased their target price on shares of CF Industries from $92.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada decreased their price objective on shares of CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Barclays dropped their target price on CF Industries from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. The Goldman Sachs Group initiated coverage on CF Industries in a research report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 target price for the company. Finally, Oppenheimer lowered their price target 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, CF Industries presently has a consensus rating of "Hold" and a consensus price target of $89.86.

Insider Buying and Selling at CF Industries

In related news, VP Ashraf K. Malik sold 8,889 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the transaction, the vice president now owns 15,871 shares of the company's stock, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the sale, the executive vice president now directly owns 92,486 shares of the company's stock, valued at $8,878,656. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,889 shares of company stock valued at $1,130,955 in the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

About CF Industries

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.