National Bank of Canada FI Grows Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

National Bank of Canada FI grew its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 130,575 shares of the basic materials company's stock after acquiring an additional 6,191 shares during the period. National Bank of Canada FI owned 0.08% of CF Industries worth $11,140,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CF. Charles Schwab Investment Management Inc. raised its holdings in CF Industries by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company's stock worth $494,202,000 after purchasing an additional 225,109 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of CF Industries by 7.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company's stock worth $382,901,000 after purchasing an additional 299,173 shares during the period. Boston Partners lifted its stake in shares of CF Industries by 7.0% in the fourth quarter. Boston Partners now owns 3,316,616 shares of the basic materials company's stock valued at $283,044,000 after buying an additional 216,395 shares in the last quarter. Norges Bank bought a new stake in CF Industries during the 4th quarter worth approximately $131,350,000. Finally, Sei Investments Co. lifted its stake in CF Industries by 4.9% during the 4th quarter. Sei Investments Co. now owns 1,460,993 shares of the basic materials company's stock valued at $124,652,000 after acquiring an additional 68,164 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

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CF Industries Price Performance

NYSE:CF traded down $0.80 during trading hours on Thursday, hitting $69.70. 1,054,355 shares of the company's stock traded hands, compared to its average volume of 2,742,073. The firm has a market cap of $11.82 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.37 and a beta of 0.84. 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 business's fifty day simple moving average is $78.81 and its two-hundred day simple moving average is $84.60. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $98.25.

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

CF Industries Dividend Announcement

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 dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.87%. CF Industries's dividend payout ratio (DPR) is presently 29.54%.

Insider Activity at CF Industries

In other news, VP Ashraf K. Malik sold 8,889 shares of the business's stock in a transaction dated Monday, January 13th. The stock was 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 of the company's stock, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Susan L. Menzel sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $142,500.00. Following the transaction, the executive vice president now owns 93,986 shares in the company, valued at approximately $8,928,670. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,889 shares of company stock valued at $1,130,955. Corporate insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America raised shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 target price on the stock in a research report on Monday, February 24th. Piper Sandler boosted their price objective on CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered CF Industries from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $82.00 to $75.00 in a research report on Friday, January 24th. Scotiabank upgraded shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price target for the company in a research report on Wednesday. Finally, The Goldman Sachs Group began coverage on shares of CF Industries in a research note on Thursday, March 13th. They issued a "neutral" rating and a $86.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $89.86.

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.