Louisiana State Employees Retirement System acquired a new stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,600 shares of the basic materials company's stock, valued at approximately $922,000.
Other hedge funds also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in CF Industries during the 4th quarter worth $29,000. ORG Partners LLC raised its position in CF Industries by 428.6% during the third quarter. ORG Partners LLC now owns 370 shares of the basic materials company's stock worth $32,000 after acquiring an additional 300 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in CF Industries during the fourth quarter worth about $32,000. Meeder Asset Management Inc. acquired a new position in shares of CF Industries in the fourth quarter valued at approximately $36,000. Finally, Larson Financial Group LLC purchased a new position in CF Industries during the third quarter worth approximately $50,000. Institutional investors and hedge funds own 93.06% of the company's stock.
Insider Buying and Selling at CF Industries
In other news, EVP Bert A. Frost sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the sale, the executive vice president now owns 64,030 shares in the company, valued at $5,442,550. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.42% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Piper Sandler lowered shares of CF Industries from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $87.00 to $82.00 in a report on Thursday, February 29th. Bank of America reiterated a "neutral" rating and issued a $88.00 price objective (down from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Berenberg Bank lifted their price objective on shares of CF Industries from $68.00 to $69.00 and gave the company a "hold" rating in a research report on Wednesday, April 17th. Wells Fargo & Company dropped their price target on shares of CF Industries from $98.00 to $97.00 and set an "overweight" rating on the stock in a research report on Friday, February 16th. Finally, UBS Group downgraded shares of CF Industries from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $95.00 to $83.00 in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $86.47.
Get Our Latest Stock Analysis on CF
CF Industries Price Performance
Shares of NYSE CF traded up $0.04 during mid-day trading on Friday, reaching $80.01. The company had a trading volume of 1,380,427 shares, compared to its average volume of 2,455,620. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.44 and a current ratio of 3.81. CF Industries Holdings, Inc. has a one year low of $60.08 and a one year high of $87.90. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 2.25 and a beta of 1.03. The business's 50-day simple moving average is $81.55 and its 200 day simple moving average is $79.67.
CF Industries (NYSE:CF - Get Free Report) last released its earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm earned $4.35 EPS. The business's revenue was down 39.8% on a year-over-year basis. On average, research analysts predict that CF Industries Holdings, Inc. will post 5.86 earnings per share for the current fiscal year.
CF Industries Announces Dividend
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 $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries's dividend payout ratio (DPR) is presently 25.51%.
CF Industries Profile
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Free Report)
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.
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