State Street Corp Decreases Holdings in CF Industries Holdings, Inc. (NYSE:CF)

State Street Corp lessened its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 11.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,950,277 shares of the basic materials company's stock after selling 1,019,595 shares during the quarter. State Street Corp owned 4.57% of CF Industries worth $682,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in shares of CF Industries by 286.0% during the 1st quarter. Cetera Investment Advisers now owns 34,439 shares of the basic materials company's stock valued at $2,866,000 after acquiring an additional 25,516 shares during the period. Cetera Advisors LLC lifted its position in shares of CF Industries by 10.7% during the 1st quarter. Cetera Advisors LLC now owns 4,877 shares of the basic materials company's stock valued at $406,000 after acquiring an additional 473 shares during the period. Czech National Bank lifted its position in shares of CF Industries by 3.6% during the 2nd quarter. Czech National Bank now owns 34,831 shares of the basic materials company's stock valued at $2,582,000 after acquiring an additional 1,215 shares during the period. V Square Quantitative Management LLC lifted its position in shares of CF Industries by 20.7% during the 2nd quarter. V Square Quantitative Management LLC now owns 3,277 shares of the basic materials company's stock valued at $243,000 after acquiring an additional 563 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of CF Industries by 17.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company's stock valued at $3,724,000 after acquiring an additional 7,294 shares during the period. Hedge funds and other institutional investors own 93.06% of the company's stock.

CF Industries Trading Down 0.2 %

CF traded down $0.22 during trading on Monday, hitting $88.22. The company's stock had a trading volume of 1,259,920 shares, compared to its average volume of 2,055,653. The firm's 50 day moving average price is $86.59 and its 200-day moving average price is $80.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The stock has a market cap of $15.35 billion, a PE ratio of 13.99, a PEG ratio of 2.33 and a beta of 0.98. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $94.46.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $0.85 EPS. CF Industries's revenue was up 7.6% on a year-over-year basis. On average, analysts expect that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.27%. CF Industries's dividend payout ratio is presently 31.65%.

Insider Activity

In other news, EVP Susan L. Menzel sold 2,000 shares of the business's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now directly owns 66,268 shares of the company's stock, valued at $5,964,120. The trade was a 2.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Ashraf K. Malik sold 7,000 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total transaction of $635,460.00. Following the sale, the vice president now directly owns 22,211 shares of the company's stock, valued at approximately $2,016,314.58. This trade represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,701 shares of company stock valued at $2,052,704 in the last ninety days. Company insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CF. Bank of America downgraded shares of CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 price target for the company. in a research report on Wednesday, October 16th. Barclays lifted their price objective on CF Industries from $90.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Piper Sandler lifted their price objective on CF Industries from $77.00 to $79.00 and gave the stock an "underweight" rating in a research report on Friday, November 8th. Mizuho lifted their price objective on CF Industries from $76.00 to $93.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company lifted their price objective on CF Industries from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $88.42.

CF Industries Company 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.