The Manufacturers Life Insurance Company Has $36.07 Million Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

The Manufacturers Life Insurance Company decreased its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 420,399 shares of the basic materials company's stock after selling 25,603 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.24% of CF Industries worth $36,070,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in CF Industries by 8.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company's stock worth $139,000 after purchasing an additional 146 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of CF Industries by 28.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company's stock worth $56,000 after buying an additional 167 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of CF Industries by 0.8% during the third 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 last quarter. UMB Bank n.a. increased its position in CF Industries by 40.4% in the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 191 shares during the period. Finally, Westwood Holdings Group Inc. raised its stake in CF Industries by 6.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,399 shares of the basic materials company's stock valued at $252,000 after acquiring an additional 197 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Insider Activity

In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of CF Industries 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bert A. Frost sold 3,000 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the sale, the executive vice president now owns 103,155 shares of the company's stock, valued at approximately $9,077,640. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,201 shares of company stock valued at $1,727,694. 0.42% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CF shares. Piper Sandler boosted their price target on shares of CF Industries from $77.00 to $79.00 and gave the stock an "underweight" rating in a research note on Friday, November 8th. Scotiabank upped their price target on shares of CF Industries from $80.00 to $88.00 and gave the stock a "sector perform" rating in a research note on Monday, August 12th. UBS Group raised their price objective on shares of CF Industries from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. Wells Fargo & Company upped their target price on shares of CF Industries from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 24th. Finally, Redburn Atlantic initiated coverage on shares of CF Industries in a research note on Friday, October 18th. They issued a "neutral" rating and a $77.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $88.42.

CF Industries Stock Up 1.1 %

Shares of NYSE:CF traded up $1.00 during trading on Friday, hitting $89.66. The company's stock had a trading volume of 914,296 shares, compared to its average volume of 2,064,043. The stock's 50-day moving average price is $85.96 and its two-hundred day moving average price is $79.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The company has a market capitalization of $15.60 billion, a PE ratio of 14.19, a PEG ratio of 2.34 and a beta of 0.97. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $91.06.

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

CF Industries Dividend Announcement

The company 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 of this dividend was Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.23%. CF Industries's dividend payout ratio is presently 31.65%.

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.