Swiss National Bank Sells 33,000 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Swiss National Bank decreased its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 509,600 shares of the basic materials company's stock after selling 33,000 shares during the period. Swiss National Bank owned about 0.29% of CF Industries worth $43,479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CF. Heck Capital Advisors LLC acquired a new position in shares of CF Industries in the 4th quarter valued at about $34,000. Brooklyn Investment Group acquired a new position in CF Industries during the 3rd quarter valued at about $39,000. Asset Planning Inc acquired a new position in CF Industries during the 4th quarter valued at about $44,000. Arlington Trust Co LLC boosted its stake in CF Industries by 422.0% during the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 460 shares during the period. Finally, Sierra Ocean LLC acquired a new position in CF Industries during the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 93.06% of the company's stock.

Insider Buying and Selling at CF Industries

In other news, VP Ashraf K. Malik sold 8,889 shares of the 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 in the company, valued at $1,507,745. This represents a 35.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president now owns 92,486 shares in the company, valued at approximately $8,878,656. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,889 shares of company stock worth $1,130,955. 0.42% of the stock is currently owned by company insiders.

Remove Ads

CF Industries Trading Down 0.5 %

Shares of NYSE:CF traded down $0.38 during mid-day trading on Thursday, hitting $76.99. The stock had a trading volume of 2,145,683 shares, compared to its average volume of 2,004,974. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. The company has a market cap of $13.05 billion, a PE ratio of 11.37, a P/E/G ratio of 0.37 and a beta of 0.99. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $98.25. The company's 50 day moving average is $84.87 and its 200-day moving average is $85.21.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating 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 net margin of 20.52% and a return on equity of 15.50%. On average, sell-side analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 annualized dividend and a yield of 2.60%. CF Industries's dividend payout ratio is presently 29.54%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CF. The Goldman Sachs Group began coverage on shares of CF Industries in a research note on Thursday, March 13th. They set a "neutral" rating and a $86.00 target price for the company. Bank of America upgraded shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price target on the stock in a research report on Monday, February 24th. Oppenheimer dropped their price target on shares of CF Industries from $114.00 to $111.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 28th. Piper Sandler boosted their price target 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. Finally, UBS Group dropped their price target 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, CF Industries presently has an average rating of "Hold" and a consensus target price of $89.86.

CF Industries 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.