Legal & General Group Plc Sells 293,901 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Legal & General Group Plc lessened its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 775,358 shares of the basic materials company's stock after selling 293,901 shares during the period. Legal & General Group Plc owned about 0.45% of CF Industries worth $66,154,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mizuho Bank Ltd. bought a new position in shares of CF Industries in the fourth quarter worth about $26,000. Heck Capital Advisors LLC acquired a new stake in CF Industries during the 4th quarter worth approximately $34,000. Creative Financial Designs Inc. ADV raised its stake in shares of CF Industries by 50.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 161 shares during the last quarter. Asset Planning Inc bought a new position in CF Industries during the 4th quarter worth $44,000. Finally, Brooklyn Investment Group lifted its stake 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 worth $49,000 after acquiring an additional 122 shares during the period. Institutional investors own 93.06% of the company's stock.

CF Industries Stock Up 1.4 %

CF Industries stock traded up $1.03 during midday trading on Wednesday, hitting $74.15. 3,246,990 shares of the stock were exchanged, compared to its average volume of 2,103,373. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $98.25. The business's 50-day moving average price is $77.35 and its 200-day moving average price is $84.24. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84.

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CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The business had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. On average, research analysts expect that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.70%. CF Industries's dividend payout ratio (DPR) is 29.54%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of 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. Barclays decreased their price target on CF Industries from $100.00 to $95.00 and set an "equal weight" rating for the company in a report on Wednesday, March 5th. Morgan Stanley dropped their price objective on CF Industries from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. cut CF Industries from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Finally, Piper Sandler boosted their price target on CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $88.47.

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.