abrdn plc Acquires 34,011 Shares of CF Industries Holdings, Inc. (NYSE:CF)

abrdn plc raised its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 67.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,714 shares of the basic materials company's stock after purchasing an additional 34,011 shares during the quarter. abrdn plc's holdings in CF Industries were worth $6,735,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in shares of CF Industries by 9.5% in the 3rd quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company's stock valued at $1,635,000 after acquiring an additional 1,636 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in CF Industries by 926.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company's stock worth $15,751,000 after acquiring an additional 165,808 shares during the period. Comerica Bank grew its holdings in CF Industries by 133.8% during the 3rd quarter. Comerica Bank now owns 54,551 shares of the basic materials company's stock worth $4,677,000 after acquiring an additional 31,215 shares during the period. Klein Pavlis & Peasley Financial Inc. acquired a new stake in CF Industries during the 4th quarter worth about $1,627,000. Finally, Raymond James & Associates grew its holdings in CF Industries by 25.4% during the 4th quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company's stock worth $10,608,000 after acquiring an additional 27,027 shares during the period. Institutional investors and hedge funds own 93.06% of the company's stock.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the sale, the executive vice president now owns 64,030 shares of the company's stock, valued at approximately $5,442,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.42% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wolfe Research assumed coverage on CF Industries in a research note on Friday, March 1st. They issued an "outperform" rating and a $99.00 target price for the company. Berenberg Bank raised their target price on CF Industries from $68.00 to $69.00 and gave the company a "hold" rating in a research note on Wednesday, April 17th. Bank of America restated a "neutral" rating and issued a $88.00 target price (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Barclays upgraded CF Industries from an "underweight" rating to an "equal weight" rating and set a $85.00 target price for the company in a research note on Friday, January 12th. Finally, Piper Sandler downgraded CF Industries from a "neutral" rating to an "underweight" rating and cut their price target for the company from $87.00 to $82.00 in a research note on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $86.47.

CF Industries Stock Performance

Shares of NYSE:CF traded up $0.03 during mid-day trading on Friday, reaching $80.00. The company had a trading volume of 1,380,428 shares, compared to its average volume of 2,263,422. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 2.27 and a beta of 1.03. The company's 50-day moving average price is $81.60 and its 200-day moving average price is $79.59. CF Industries Holdings, Inc. has a one year low of $60.08 and a one year 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 analysts' consensus estimates of $1.56 by ($0.12). The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 39.8% compared to the same quarter last year. During the same period last year, the firm posted $4.35 EPS. As a group, equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.86 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.50%. CF Industries's payout ratio is 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.