CF Industries Holdings, Inc. (NYSE:CF) Stock Holdings Lowered by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 316,533 shares of the basic materials company's stock after selling 15,563 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.18% of CF Industries worth $27,001,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CF. Central Pacific Bank Trust Division purchased a new stake in shares of CF Industries during the 4th quarter valued at about $74,000. Korea Investment CORP lifted its position in shares of CF Industries by 88.5% during the fourth quarter. Korea Investment CORP now owns 150,374 shares of the basic materials company's stock worth $12,830,000 after purchasing an additional 70,585 shares in the last quarter. National Pension Service boosted its stake in shares of CF Industries by 2,848.4% in the fourth quarter. National Pension Service now owns 290,384 shares of the basic materials company's stock valued at $24,776,000 after purchasing an additional 280,535 shares during the period. SBI Securities Co. Ltd. purchased a new stake in CF Industries during the 4th quarter worth $51,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 worth $494,202,000 after buying an additional 225,109 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

CF Industries Stock Performance

Shares of CF traded up $1.34 during mid-day trading on Thursday, reaching $77.23. 1,620,186 shares of the company's stock traded hands, compared to its average volume of 2,095,514. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $98.25. The stock has a market capitalization of $13.09 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84. The business's 50-day moving average price is $76.35 and its 200-day moving average price is $83.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08.

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

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.59%. CF Industries's payout ratio is 29.54%.

Analyst Ratings Changes

A number of brokerages recently commented on CF. Oppenheimer downgraded CF Industries from an "outperform" rating to a "market perform" rating in a report on Tuesday. The Goldman Sachs Group started coverage on shares of CF Industries in a report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 price target on the stock. Piper Sandler boosted their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. UBS Group reduced their price target on shares of CF Industries from $90.00 to $79.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Barclays lowered their price objective on CF Industries from $95.00 to $87.00 and set an "equal weight" rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $89.29.

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.