Bank of Montreal Can reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 310,893 shares of the basic materials company's stock after selling 10,623 shares during the period. Bank of Montreal Can owned 0.18% of CF Industries worth $26,525,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Mizuho Bank Ltd. acquired a new position in CF Industries during the fourth quarter worth $26,000. Heck Capital Advisors LLC acquired a new position in shares of CF Industries during the 4th quarter valued at about $34,000. Creative Financial Designs Inc. ADV grew its holdings in shares of CF Industries by 50.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 161 shares during the period. Asset Planning Inc acquired a new stake in CF Industries during the fourth quarter worth about $44,000. Finally, Arlington Trust Co LLC raised its stake in CF Industries by 422.0% during the fourth quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company's stock worth $49,000 after purchasing an additional 460 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.
CF Industries Stock Up 2.5 %
CF stock traded up $1.85 during midday trading on Wednesday, hitting $74.97. The company's stock had a trading volume of 712,885 shares, compared to its average volume of 2,747,939. The firm has a 50-day simple moving average of $77.35 and a 200-day simple moving average of $84.24. The firm has a market capitalization of $12.71 billion, a P/E ratio of 11.07, a PEG ratio of 0.37 and a beta of 0.84. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $98.25.
CF Industries (NYSE:CF - Get Free Report) last issued 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 company had revenue of $1.52 billion for 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%. As a group, equities analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.
CF Industries Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.67%. CF Industries's dividend payout ratio is currently 29.54%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of CF Industries from $90.00 to $79.00 and set a "neutral" rating for the company in a research note on Wednesday. Bank of America raised CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 target price for the company in a research note on Monday, February 24th. Oppenheimer decreased their price target on CF Industries from $114.00 to $111.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 28th. Barclays reduced their price objective on shares of CF Industries from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Finally, Piper Sandler increased their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $88.47.
Check Out Our Latest Research Report on CF Industries
About CF Industries
(
Free Report)
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.
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