KLP Kapitalforvaltning AS Invests $6.37 Million in CF Industries Holdings, Inc. (NYSE:CF)

KLP Kapitalforvaltning AS purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 74,640 shares of the basic materials company's stock, valued at approximately $6,368,000.

Several other institutional investors have also made changes to their positions in the business. Pathstone Holdings LLC grew its holdings in shares of CF Industries by 12.2% in the 3rd quarter. Pathstone Holdings LLC now owns 17,133 shares of the basic materials company's stock worth $1,470,000 after purchasing an additional 1,860 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of CF Industries by 0.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company's stock worth $2,004,000 after buying an additional 179 shares during the period. Cerity Partners LLC raised its position in shares of CF Industries by 16.8% during the 3rd quarter. Cerity Partners LLC now owns 10,051 shares of the basic materials company's stock valued at $862,000 after acquiring an additional 1,449 shares during the last quarter. Penserra Capital Management LLC lifted its stake in CF Industries by 10.0% in the third quarter. Penserra Capital Management LLC now owns 5,471 shares of the basic materials company's stock valued at $468,000 after buying an additional 496 shares during the period. Finally, Swedbank AB boosted its stake in CF Industries by 3.8% during the 3rd quarter. Swedbank AB now owns 271,198 shares of the basic materials company's stock worth $23,269,000 after acquiring an additional 9,815 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $142,500.00. Following the completion of the transaction, the executive vice president now directly owns 93,986 shares of the company's stock, valued at approximately $8,928,670. This represents a 1.57 % 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 value of $844,455.00. Following the completion of the sale, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,889 shares of company stock valued at $1,130,955 in the last ninety days. 0.48% of the stock is currently owned by insiders.

CF Industries Stock Down 0.9 %

CF Industries stock traded down $0.67 during trading on Friday, hitting $77.31. 332,666 shares of the company were exchanged, compared to its average volume of 2,072,706. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The business's 50 day moving average is $82.88 and its 200 day moving average is $85.04. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $98.25. The company has a market capitalization of $13.11 billion, a P/E ratio of 11.40, a PEG ratio of 0.37 and a beta of 0.99.

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. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The firm 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 was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.59%. CF Industries's dividend payout ratio (DPR) is presently 29.54%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of CF Industries from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Scotiabank cut their target price on shares of CF Industries from $88.00 to $81.00 and set a "sector underperform" rating for the company in a research note on Monday, February 24th. Oppenheimer decreased their price objective on shares of CF Industries from $114.00 to $111.00 and set an "outperform" rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada lowered their target price on CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 25th. Finally, Bank of America raised shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price objective for the company in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, CF Industries presently has an average rating of "Hold" and an average 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.