BI Asset Management Fondsmaeglerselskab A S Decreases Stock Position in CF Industries Holdings, Inc. $CF

Key Points

• BI Asset Management reduced its CF Industries stake by 37.3% in the fourth quarter, leaving it with 111,188 shares worth about $8.6 million.
• Insiders sold shares as well, including EVP Bert A. Frost and VP Erik M. Mayer; insiders sold a total of 40,824 shares worth $5.33 million last quarter.
• CF Industries reported strong quarterly results with EPS of $3.98 and revenue of $1.99 billion, both above analyst expectations, while the company also paid a quarterly dividend of $0.50 per share.

BI Asset Management Fondsmaeglerselskab A S cut its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 37.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,188 shares of the basic materials company's stock after selling 66,107 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.07% of CF Industries worth $8,599,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its holdings in CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 156 shares during the period. Stance Capital LLC acquired a new stake in CF Industries in the third quarter valued at $42,000. Eagle Bay Advisors LLC acquired a new stake in CF Industries in the fourth quarter valued at $43,000. WPG Advisers LLC raised its stake in CF Industries by 69.8% in the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company's stock valued at $43,000 after buying an additional 227 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in CF Industries in the second quarter valued at $44,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $126.00, for a total value of $756,000.00. Following the sale, the executive vice president owned 69,472 shares of the company's stock, valued at approximately $8,753,472. The trade was a 7.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Erik M. Mayer sold 1,500 shares of CF Industries stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $124.69, for a total value of $187,035.00. Following the completion of the sale, the vice president directly owned 6,341 shares in the company, valued at $790,659.29. This represents a 19.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 40,824 shares of company stock worth $5,333,817 over the last quarter. 0.51% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group cut their price target on CF Industries from $140.00 to $130.00 in a research note on Friday, May 8th. JPMorgan Chase & Co. raised their price target on CF Industries from $94.00 to $115.00 and gave the company a "neutral" rating in a research note on Wednesday. Scotiabank raised their price target on CF Industries from $115.00 to $120.00 and gave the company a "sector perform" rating in a research note on Monday, May 11th. Weiss Ratings upgraded CF Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 13th. Finally, BNP Paribas Exane raised their price target on CF Industries from $95.00 to $140.00 and gave the company a "neutral" rating in a research note on Wednesday, March 25th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, CF Industries currently has an average rating of "Hold" and an average price target of $119.00.

CF Industries Stock Down 3.2%

CF opened at $113.72 on Friday. The business's 50-day simple moving average is $122.96 and its 200-day simple moving average is $102.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. CF Industries Holdings, Inc. has a one year low of $75.42 and a one year high of $141.96. The stock has a market capitalization of $17.47 billion, a P/E ratio of 10.22 and a beta of 0.38.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $1.35. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the firm earned $1.85 earnings per share. The business's revenue was up 19.4% compared to the same quarter last year. Analysts anticipate that CF Industries Holdings, Inc. will post 14.39 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 15th. CF Industries's payout ratio is currently 17.97%.

CF Industries Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.

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