CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,951 shares of the basic materials company's stock after selling 24,448 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.23% of CF Industries worth $33,783,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Checchi Capital Advisers LLC increased its holdings in CF Industries by 4.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company's stock valued at $221,000 after purchasing an additional 108 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of CF Industries by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company's stock valued at $495,000 after buying an additional 120 shares during the period. Brooklyn Investment Group lifted its position in CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock worth $49,000 after acquiring an additional 122 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in CF Industries by 1.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company's stock worth $602,000 after acquiring an additional 126 shares during the period. Finally, Coldstream Capital Management Inc. grew its position in CF Industries by 4.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company's stock valued at $257,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CF shares. Scotiabank upgraded shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 target price for the company in a research note on Wednesday, April 9th. Piper Sandler raised their target price on CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Oppenheimer cut CF Industries from an "outperform" rating to a "market perform" rating in a research note on Tuesday, April 22nd. Barclays lowered their price objective on CF Industries from $95.00 to $87.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group began coverage on CF Industries in a research report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $89.29.

CF Industries Stock Performance

CF stock traded up $0.26 during midday trading on Monday, reaching $80.86. The company had a trading volume of 1,711,525 shares, compared to its average volume of 2,098,551. The firm has a market capitalization of $13.71 billion, a PE ratio of 11.94, a P/E/G ratio of 0.37 and a beta of 0.94. The stock has a 50 day moving average price of $76.15 and a 200 day moving average price of $83.31. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $98.25. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF - Get Free Report) last released 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. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. Analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 2.47%. CF Industries's dividend payout ratio is presently 29.54%.

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.