Phoenix Financial Ltd. Sells 7,448 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Phoenix Financial Ltd. cut its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,353 shares of the basic materials company's stock after selling 7,448 shares during the quarter. Phoenix Financial Ltd.'s holdings in CF Industries were worth $5,235,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CF. DRW Securities LLC acquired a new position in shares of CF Industries in the 4th quarter worth approximately $227,000. Raymond James Financial Inc. acquired a new stake in shares of CF Industries in the fourth quarter valued at $14,883,000. APG Asset Management N.V. acquired a new position in CF Industries during the 4th quarter worth about $8,116,000. Bank of Nova Scotia increased its position in CF Industries by 125.6% in the 4th quarter. Bank of Nova Scotia now owns 60,914 shares of the basic materials company's stock valued at $5,198,000 after acquiring an additional 33,918 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of CF Industries by 30.5% during the fourth quarter. Cerity Partners LLC now owns 13,119 shares of the basic materials company's stock worth $1,123,000 after purchasing an additional 3,068 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Insider Transactions at CF Industries

In related news, EVP Susan L. Menzel sold 1,500 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the transaction, the executive vice president now owns 92,486 shares in the company, valued at approximately $8,878,656. This represents a 1.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

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CF Industries Stock Up 0.5 %

CF stock traded up $0.34 during midday trading on Tuesday, hitting $72.75. The company's stock had a trading volume of 811,835 shares, compared to its average volume of 2,094,608. The company's fifty day moving average price is $77.57 and its 200 day moving average price is $84.32. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. CF Industries Holdings, Inc. has a twelve month low of $67.34 and a twelve month high of $98.25. The stock has a market capitalization of $12.33 billion, a P/E ratio of 10.75, a PEG ratio of 0.37 and a beta of 0.84.

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

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.75%. CF Industries's payout ratio is 29.54%.

Analyst Ratings Changes

CF has been the topic of several research reports. Piper Sandler upped their price objective on CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. The Goldman Sachs Group began coverage on shares of CF Industries in a research report on Thursday, March 13th. They set a "neutral" rating and a $86.00 price target for the company. JPMorgan Chase & Co. cut shares of CF Industries from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Oppenheimer decreased their price objective on CF Industries from $114.00 to $111.00 and set an "outperform" rating for the company in a research note on Tuesday, January 28th. Finally, Scotiabank upgraded CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 target price on the stock in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $89.20.

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.