United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 450.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,872 shares of the basic materials company's stock after acquiring an additional 105,472 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.08% of CF Industries worth $9,967,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Lakewood Asset Management LLC grew its position in CF Industries by 0.9% in the fourth quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company's stock worth $957,000 after acquiring an additional 111 shares in the last quarter. Farther Finance Advisors LLC grew its position in CF Industries by 5.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,365 shares of the basic materials company's stock worth $183,000 after acquiring an additional 116 shares in the last quarter. Kingsview Wealth Management LLC grew its position in CF Industries by 4.9% in the third quarter. Kingsview Wealth Management LLC now owns 2,898 shares of the basic materials company's stock worth $260,000 after acquiring an additional 135 shares in the last quarter. Albert D Mason Inc. grew its position in CF Industries by 5.3% in the fourth quarter. Albert D Mason Inc. now owns 2,720 shares of the basic materials company's stock worth $210,000 after acquiring an additional 137 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in CF Industries by 1.7% in the third quarter. Brown Brothers Harriman & Co. now owns 8,408 shares of the basic materials company's stock worth $754,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.
Insider Buying and Selling at CF Industries
In related news, SVP Michael Patrick Mcgrane sold 3,666 shares of CF Industries stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $116.50, for a total transaction of $427,089.00. Following the transaction, the senior vice president directly owned 19,161 shares of the company's stock, valued at $2,232,256.50. This trade represents a 16.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Richard A. Hoker sold 6,184 shares of CF Industries stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $109.33, for a total transaction of $676,096.72. Following the transaction, the vice president directly owned 34,535 shares in the company, valued at approximately $3,775,711.55. The trade was a 15.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 79,193 shares of company stock valued at $9,659,443. 0.51% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts have issued reports on CF shares. Morgan Stanley raised their price objective on shares of CF Industries from $95.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 28th. Bank of America raised their price objective on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. Royal Bank Of Canada raised their price objective on shares of CF Industries from $100.00 to $125.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 7th. UBS Group decreased their price objective on shares of CF Industries from $140.00 to $130.00 in a research note on Friday, May 8th. Finally, Zacks Research raised shares of CF Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 24th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $117.69.
Read Our Latest Report on CF
CF Industries Stock Performance
CF Industries stock opened at $116.50 on Friday. The company has a 50 day moving average price of $124.26 and a 200-day moving average price of $101.48. 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 fifty-two week low of $75.42 and a fifty-two week high of $141.96. The company has a market capitalization of $17.90 billion, a PE ratio of 10.47 and a beta of 0.42.
CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $2.63 by $1.35. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The company's revenue was up 19.4% on a year-over-year basis. As a group, equities analysts forecast that CF Industries Holdings, Inc. will post 13.95 earnings per share for the current year.
CF Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 15th. CF Industries's payout ratio is currently 17.97%.
CF Industries Company Profile
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Free Report)
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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