Northern Trust Corp Sells 33,652 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Northern Trust Corp reduced its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,873,900 shares of the basic materials company's stock after selling 33,652 shares during the quarter. Northern Trust Corp owned about 1.65% of CF Industries worth $245,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Earnest Partners LLC raised its position in CF Industries by 3.3% during the 4th quarter. Earnest Partners LLC now owns 2,248,740 shares of the basic materials company's stock worth $191,862,000 after purchasing an additional 71,512 shares during the last quarter. Wills Financial Group Inc. lifted its stake in shares of CF Industries by 4.4% in the fourth quarter. Wills Financial Group Inc. now owns 42,969 shares of the basic materials company's stock worth $3,666,000 after acquiring an additional 1,798 shares during the period. Coldstream Capital Management Inc. boosted its holdings in CF Industries by 4.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company's stock valued at $257,000 after acquiring an additional 126 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in CF Industries during the 4th quarter valued at approximately $380,000. Finally, Integrated Wealth Concepts LLC raised its holdings in CF Industries by 192.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 9,639 shares of the basic materials company's stock worth $822,000 after purchasing an additional 6,344 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. downgraded CF Industries from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $82.00 to $75.00 in a report on Friday, January 24th. BNP Paribas raised CF Industries to a "strong-buy" rating in a research note on Wednesday, April 9th. Scotiabank raised shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price objective for the company in a research report on Wednesday, April 9th. Barclays dropped their target price on shares of CF Industries from $95.00 to $87.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Piper Sandler raised their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CF Industries has a consensus rating of "Hold" and an average target price of $89.29.

CF Industries Stock Up 0.7 %

NYSE:CF traded up $0.57 during mid-day trading on Tuesday, hitting $81.49. 397,085 shares of the company's stock were exchanged, compared to its average volume of 2,091,931. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $98.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The company has a market cap of $13.82 billion, a PE ratio of 12.07, a P/E/G ratio of 0.37 and a beta of 0.94. The business has a fifty day moving average price of $76.21 and a 200 day moving average price of $83.29.

CF Industries (NYSE:CF - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. Equities analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The business also recently announced 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 of this dividend is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.45%. CF Industries's dividend payout ratio is currently 29.54%.

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.