Sound Shore Management Inc. CT Trims Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Sound Shore Management Inc. CT lowered its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 844,594 shares of the basic materials company's stock after selling 22,546 shares during the period. CF Industries makes up about 2.4% of Sound Shore Management Inc. CT's portfolio, making the stock its 22nd largest position. Sound Shore Management Inc. CT owned approximately 0.49% of CF Industries worth $72,061,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its holdings in CF Industries by 3.8% in the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company's stock worth $711,003,000 after buying an additional 300,050 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 valued at $494,202,000 after buying an additional 225,109 shares during the period. Victory Capital Management Inc. grew its stake in CF Industries by 7.1% during the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company's stock worth $382,901,000 after purchasing an additional 299,173 shares in the last quarter. Boston Partners increased its stake in shares of CF Industries by 7.0% during the fourth quarter. Boston Partners now owns 3,316,616 shares of the basic materials company's stock worth $283,044,000 after buying an additional 216,395 shares during the period. Finally, Sei Investments Co. lifted its position in shares of CF Industries by 4.9% during the 4th quarter. Sei Investments Co. now owns 1,460,993 shares of the basic materials company's stock worth $124,652,000 after purchasing an additional 68,164 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have commented on CF shares. Oppenheimer cut 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. Scotiabank cut their target price on shares of CF Industries from $88.00 to $81.00 and set a "sector underperform" rating on the stock in a report on Monday, February 24th. UBS Group lowered their price objective on shares of CF Industries from $92.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Bank of America upgraded shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price objective on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered CF Industries from a "neutral" rating to an "underweight" rating and lowered their price target for the stock from $82.00 to $75.00 in a report on Friday, January 24th. 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's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $89.86.

CF Industries Trading Down 2.4 %

Shares of NYSE CF traded down $1.84 during midday trading on Tuesday, hitting $74.99. The stock had a trading volume of 2,988,463 shares, compared to its average volume of 2,017,594. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The firm has a market cap of $12.71 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 0.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The company's 50-day simple moving average is $83.66 and its 200 day simple moving average is $85.15.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. Research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries's payout ratio is presently 29.54%.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 92,486 shares of the company's stock, valued at approximately $8,878,656. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the business's stock in a transaction 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 $1,507,745. This trade represents a 35.90 % 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 worth $1,130,955 over the last 90 days. Insiders own 0.48% of the company's stock.

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.