CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 382,800 shares of the basic materials company's stock after selling 27,345 shares during the quarter. Nuveen Asset Management LLC owned about 0.22% of CF Industries worth $32,660,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Mizuho Bank Ltd. bought a new stake in CF Industries during the 4th quarter valued at approximately $26,000. Heck Capital Advisors LLC purchased a new stake in shares of CF Industries during the 4th quarter valued at about $34,000. Creative Financial Designs Inc. ADV grew its position in CF Industries by 50.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock valued at $41,000 after buying an additional 161 shares during the period. Asset Planning Inc bought a new stake in shares of CF Industries during the 4th quarter valued at $44,000. Finally, Arlington Trust Co LLC increased its position in CF Industries by 422.0% in the fourth quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company's stock worth $49,000 after buying an additional 460 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on CF shares. Piper Sandler upped their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Barclays lifted their target price on CF Industries from $87.00 to $91.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Oppenheimer lowered shares of CF Industries from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 22nd. Morgan Stanley dropped their price objective on CF Industries from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Finally, Scotiabank raised 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, April 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $90.21.

CF Industries Stock Performance

Shares of NYSE:CF traded up $2.48 during trading on Tuesday, hitting $91.37. 396,567 shares of the stock traded hands, compared to its average volume of 2,131,186. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average price of $78.78 and a two-hundred day moving average price of $83.53. CF Industries Holdings, Inc. has a 52-week low of $67.34 and a 52-week high of $98.25. The company has a market cap of $15.49 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 0.37 and a beta of 0.94.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.38. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The firm's revenue for the quarter was up 13.1% on a year-over-year basis. As a group, equities analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.19%. CF Industries's payout ratio is 26.35%.

CF Industries announced that its board has approved a share buyback plan on Wednesday, May 7th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to repurchase up to 14.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

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.