Federated Hermes Inc. Sells 76,102 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Federated Hermes Inc. lessened its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 426,267 shares of the basic materials company's stock after selling 76,102 shares during the quarter. Federated Hermes Inc. owned 0.22% of CF Industries worth $33,888,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its holdings in CF Industries by 7.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 19,982 shares of the basic materials company's stock worth $1,589,000 after acquiring an additional 1,422 shares during the last quarter. Strs Ohio purchased a new position in shares of CF Industries in the 4th quarter worth about $4,231,000. Triasima Portfolio Management inc. purchased a new position in shares of CF Industries in the 4th quarter worth about $294,000. Louisiana State Employees Retirement System purchased a new position in shares of CF Industries in the 4th quarter worth about $922,000. Finally, Simplicity Solutions LLC boosted its holdings in shares of CF Industries by 8.6% in the 4th quarter. Simplicity Solutions LLC now owns 2,948 shares of the basic materials company's stock worth $234,000 after buying an additional 234 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler downgraded shares of CF Industries from a "neutral" rating to an "underweight" rating and cut their price target for the stock from $87.00 to $82.00 in a report on Thursday, February 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price target on shares of CF Industries in a report on Friday, February 16th. Wolfe Research initiated coverage on shares of CF Industries in a report on Friday, March 1st. They set an "outperform" rating and a $99.00 price objective on the stock. Bank of America reaffirmed a "neutral" rating and set a $88.00 price objective (down from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Finally, Wells Fargo & Company dropped their price objective on shares of CF Industries from $98.00 to $97.00 and set an "overweight" rating on the stock in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $86.47.

Insiders Place Their Bets

In other news, EVP Bert A. Frost sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the transaction, the executive vice president now owns 64,030 shares in the company, valued at $5,442,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company's stock.

CF Industries Price Performance

Shares of CF stock traded down $0.12 during trading on Friday, hitting $79.47. The company had a trading volume of 1,503,896 shares, compared to its average volume of 2,485,081. The company has a quick ratio of 3.44, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. The stock's 50-day moving average is $81.43 and its two-hundred day moving average is $79.71. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 2.26 and a beta of 1.03. CF Industries Holdings, Inc. has a 52 week low of $60.08 and a 52 week high of $87.90.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.12). The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The company's revenue was down 39.8% compared to the same quarter last year. During the same period last year, the business posted $4.35 earnings per share. As a group, analysts predict that CF Industries Holdings, Inc. will post 5.86 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Tuesday, May 14th. CF Industries's dividend payout ratio (DPR) is presently 25.51%.

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.