CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 479,405 shares of the basic materials company's stock after selling 12,766 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of CF Industries worth $37,466,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Confluence Wealth Services Inc. lifted its position in shares of CF Industries by 14.3% during the 1st quarter. Confluence Wealth Services Inc. now owns 13,253 shares of the basic materials company's stock valued at $1,006,000 after acquiring an additional 1,659 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of CF Industries by 35.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 897,041 shares of the basic materials company's stock valued at $71,395,000 after acquiring an additional 236,703 shares during the last quarter. 3Chopt Investment Partners LLC purchased a new position in shares of CF Industries during the 1st quarter worth about $232,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of CF Industries by 7.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 185,240 shares of the basic materials company's stock worth $14,336,000 after acquiring an additional 13,433 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in CF Industries by 28.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 36,653 shares of the basic materials company's stock valued at $2,864,000 after purchasing an additional 8,216 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of CF Industries in a research note on Thursday, March 13th. They set a "neutral" rating and a $86.00 price target on the stock. Wolfe Research lowered CF Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, June 12th. UBS Group lifted their target price on CF Industries from $79.00 to $82.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Wells Fargo & Company set a $105.00 price target on CF Industries and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Finally, BNP Paribas raised CF Industries to a "strong-buy" rating in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $91.79.

Insider Buying and Selling at CF Industries

In other news, EVP Susan L. Menzel sold 10,000 shares of CF Industries stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $100.23, for a total value of $1,002,300.00. Following the completion of the transaction, the executive vice president directly owned 87,923 shares of the company's stock, valued at approximately $8,812,522.29. The trade was a 10.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.42% of the company's stock.

CF Industries Stock Down 0.1%

Shares of NYSE:CF traded down $0.07 during midday trading on Friday, reaching $93.78. The company had a trading volume of 1,516,352 shares, compared to its average volume of 2,236,186. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $104.45. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.59 and a quick ratio of 2.22. The stock has a market capitalization of $15.90 billion, a P/E ratio of 12.36 and a beta of 0.96. The stock's fifty day moving average price is $90.03 and its 200-day moving average price is $84.76.

CF Industries (NYSE:CF - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.38. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.53 billion. CF Industries had a net margin of 21.80% and a return on equity of 17.39%. The company's revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS. Equities research analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 2.13%. CF Industries's payout ratio is 26.35%.

CF Industries declared that its Board of Directors has approved a share buyback plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to purchase up to 14.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is 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.