Resona Asset Management Co. Ltd. Buys Shares of 75,445 CF Industries Holdings, Inc. (NYSE:CF)

Resona Asset Management Co. Ltd. acquired a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 75,445 shares of the basic materials company's stock, valued at approximately $6,433,000.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on CF shares. Royal Bank of Canada cut their price objective on CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Scotiabank upgraded shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price target on the stock in a research report on Wednesday. JPMorgan Chase & Co. lowered shares of CF Industries from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Bank of America raised CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 target price on the stock in a report on Monday, February 24th. Finally, BNP Paribas upgraded CF Industries to a "strong-buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $89.20.

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Insider Buying and Selling at CF Industries

In related news, VP Ashraf K. Malik sold 8,889 shares of CF Industries 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 $844,455.00. Following the transaction, the vice president now owns 15,871 shares of the company's stock, valued at $1,507,745. This trade represents a 35.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Susan L. Menzel sold 1,500 shares of the business'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 transaction, the executive vice president now owns 93,986 shares of the company's stock, valued at approximately $8,928,670. This represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,889 shares of company stock worth $1,130,955. Insiders own 0.42% of the company's stock.

CF Industries Trading Up 2.9 %

CF Industries stock traded up $2.03 during mid-day trading on Friday, hitting $72.00. The stock had a trading volume of 3,063,291 shares, compared to its average volume of 2,097,293. The stock has a market capitalization of $12.21 billion, a PE ratio of 10.63, a P/E/G ratio of 0.37 and a beta of 0.84. CF Industries Holdings, Inc. has a 12 month low of $67.34 and a 12 month high of $98.25. 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 stock has a 50-day simple moving average of $77.92 and a two-hundred day simple moving average of $84.41.

CF Industries (NYSE:CF - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The company 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%. As a group, sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, February 14th. CF Industries's dividend payout ratio is presently 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.