Corebridge Financial Inc. Sells 4,240 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Corebridge Financial Inc. decreased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,201 shares of the basic materials company's stock after selling 4,240 shares during the period. Corebridge Financial Inc.'s holdings in CF Industries were worth $3,515,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CF. Heck Capital Advisors LLC purchased a new position in CF Industries during the 4th quarter worth $34,000. Creative Financial Designs Inc. ADV grew its position in CF Industries by 50.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock worth $41,000 after purchasing an additional 161 shares in the last quarter. Asset Planning Inc purchased a new stake in CF Industries in the 4th quarter valued at about $44,000. Arlington Trust Co LLC boosted its stake in shares of CF Industries by 422.0% in the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company's stock worth $49,000 after buying an additional 460 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of CF Industries by 26.9% in the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 122 shares in the last quarter. Institutional investors own 93.06% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CF. Bank of America raised CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price objective on the stock in a research report on Monday, February 24th. The Goldman Sachs Group began coverage on shares of CF Industries in a report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 price target on the stock. UBS Group decreased their price objective on shares of CF Industries from $92.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. cut shares of CF Industries from a "neutral" rating to an "underweight" rating and dropped their target price for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Finally, Royal Bank of Canada decreased their price target on shares of CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, CF Industries presently has a consensus rating of "Hold" and an average target price of $89.86.

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Insider Activity at CF Industries

In related news, VP Ashraf K. Malik sold 8,889 shares of the company's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the transaction, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $142,500.00. Following the completion of the sale, the executive vice president now directly owns 93,986 shares in the company, valued at $8,928,670. This represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,889 shares of company stock valued at $1,130,955. Corporate insiders own 0.42% of the company's stock.

CF Industries Stock Performance

Shares of NYSE:CF traded down $6.95 during trading on Friday, hitting $72.91. 4,001,482 shares of the company were exchanged, compared to its average volume of 2,083,132. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $98.25. The stock has a 50 day moving average of $80.94 and a 200 day moving average of $85.05. 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 has a market cap of $12.36 billion, a PE ratio of 10.77, a P/E/G ratio of 0.37 and a beta of 0.84.

CF Industries (NYSE:CF - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations 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 company 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 2.74%. CF Industries's dividend payout ratio (DPR) is currently 29.54%.

About CF Industries

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.