CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,194 shares of the basic materials company's stock after selling 12,731 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.30% of CF Industries worth $44,461,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in CF Industries by 401.2% during the 2nd quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company's stock worth $269,729,000 after purchasing an additional 2,912,942 shares during the period. Boston Partners raised its holdings in shares of CF Industries by 37.5% in the first quarter. Boston Partners now owns 3,063,854 shares of the basic materials company's stock valued at $254,920,000 after acquiring an additional 835,557 shares in the last quarter. International Assets Investment Management LLC lifted its stake in CF Industries by 7,617.5% in the third quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company's stock worth $375,440,000 after acquiring an additional 431,910 shares during the period. LSV Asset Management grew its holdings in CF Industries by 154.3% during the 2nd quarter. LSV Asset Management now owns 408,703 shares of the basic materials company's stock worth $30,293,000 after acquiring an additional 248,003 shares in the last quarter. Finally, Swedbank AB purchased a new position in CF Industries during the 1st quarter valued at about $19,824,000. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Performance

CF Industries stock traded up $1.82 during mid-day trading on Friday, reaching $87.07. 2,334,168 shares of the company traded hands, compared to its average volume of 2,074,984. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $90.86. The firm's fifty day moving average is $84.14 and its two-hundred day moving average is $78.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company's quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts expect that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries's dividend payout ratio is currently 31.65%.

Wall Street Analysts Forecast Growth

CF has been the topic of a number of recent research reports. Bank of America downgraded shares of CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 price objective on the stock. in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price target on CF Industries from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Tuesday, September 24th. Redburn Atlantic began coverage on CF Industries in a research note on Friday, October 18th. They set a "neutral" rating and a $77.00 price objective for the company. Barclays lifted their target price on CF Industries from $90.00 to $96.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Finally, Piper Sandler raised their price target on shares of CF Industries from $77.00 to $79.00 and gave the company an "underweight" rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CF Industries has a consensus rating of "Hold" and a consensus target price of $88.42.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 2,000 shares of the business's stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the sale, the executive vice president now directly owns 66,268 shares in the company, valued at $5,964,120. The trade was a 2.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now owns 29,211 shares in the company, valued at $2,629,574.22. This trade represents a 19.78 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

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.