PFA Pension Forsikringsaktieselskab Takes Position in CF Industries Holdings, Inc. $CF

Key Points

• PFA Pension Forsikringsaktieselskab opened a new stake in CF Industries by acquiring 434,310 shares (about $33.41 million), representing roughly 0.28% of the company at quarter end.
• Company insiders sold a total of 82,408 shares worth about $9.97 million over the past three months, leaving insiders with roughly 0.51% ownership.
• CF reported $2.59 EPS for the quarter (beating estimates) with revenue up 22.8% YoY, and announced a $0.50 quarterly dividend (1.6% yield; ex-dividend May 15, payable May 29).

PFA Pension Forsikringsaktieselskab acquired a new position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 434,310 shares of the basic materials company's stock, valued at approximately $33,411,000. PFA Pension Forsikringsaktieselskab owned approximately 0.28% of CF Industries at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lakewood Asset Management LLC increased its holdings in shares of CF Industries by 0.9% during the 4th quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company's stock valued at $957,000 after acquiring an additional 111 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of CF Industries by 5.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,365 shares of the basic materials company's stock worth $183,000 after purchasing an additional 116 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of CF Industries by 4.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 2,898 shares of the basic materials company's stock worth $260,000 after purchasing an additional 135 shares in the last quarter. Albert D Mason Inc. lifted its position in shares of CF Industries by 5.3% during the 4th quarter. Albert D Mason Inc. now owns 2,720 shares of the basic materials company's stock worth $210,000 after buying an additional 137 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in shares of CF Industries by 1.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 8,408 shares of the basic materials company's stock worth $754,000 after buying an additional 142 shares during the period. Institutional investors own 93.06% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Mizuho raised their target price on CF Industries from $100.00 to $105.00 and gave the stock an "underperform" rating in a research report on Tuesday, March 31st. Wall Street Zen upgraded CF Industries from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. Zacks Research upgraded CF Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, April 24th. Royal Bank Of Canada boosted their price target on CF Industries from $100.00 to $125.00 and gave the company a "sector perform" rating in a report on Tuesday, April 7th. Finally, The Goldman Sachs Group upped their target price on CF Industries from $103.00 to $132.00 and gave the stock a "neutral" rating in a report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $118.53.

Insider Transactions at CF Industries

In other news, VP Richard A. Hoker sold 6,184 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $109.33, for a total value of $676,096.72. Following the transaction, the vice president owned 34,535 shares of the company's stock, valued at approximately $3,775,711.55. This represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Susan L. Menzel sold 18,041 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $136.06, for a total value of $2,454,658.46. Following the completion of the transaction, the executive vice president directly owned 55,762 shares in the company, valued at $7,586,977.72. The trade was a 24.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 82,408 shares of company stock worth $9,971,298 over the last three months. Company insiders own 0.51% of the company's stock.

CF Industries Price Performance

CF Industries stock opened at $122.90 on Monday. CF Industries Holdings, Inc. has a 12 month low of $75.42 and a 12 month high of $141.96. The stock's 50 day moving average is $119.68 and its 200-day moving average is $96.65. The company has a current ratio of 3.37, a quick ratio of 2.93 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $18.88 billion, a price-to-earnings ratio of 13.66 and a beta of 0.42.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.53 by $0.06. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. The firm's revenue for the quarter was up 22.8% on a year-over-year basis. Equities research analysts expect that CF Industries Holdings, Inc. will post 12.41 EPS for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. CF Industries's dividend payout ratio is presently 22.22%.

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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