M&T Bank Corp Reduces Position in CF Industries Holdings, Inc. (NYSE:CF)

M&T Bank Corp reduced its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,484 shares of the basic materials company's stock after selling 12,330 shares during the period. M&T Bank Corp's holdings in CF Industries were worth $6,717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CF. Raymond James & Associates lifted its holdings in CF Industries by 55.1% during the 3rd quarter. Raymond James & Associates now owns 106,412 shares of the basic materials company's stock worth $9,124,000 after buying an additional 37,789 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in CF Industries by 3.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 28,473 shares of the basic materials company's stock valued at $2,441,000 after acquiring an additional 847 shares during the last quarter. Brown Advisory Inc. increased its position in CF Industries by 27.7% during the 3rd quarter. Brown Advisory Inc. now owns 6,474 shares of the basic materials company's stock valued at $555,000 after purchasing an additional 1,403 shares during the period. Mackenzie Financial Corp raised its holdings in CF Industries by 3.7% during the 3rd quarter. Mackenzie Financial Corp now owns 28,434 shares of the basic materials company's stock worth $2,340,000 after purchasing an additional 1,004 shares during the last quarter. Finally, Advisor Partners II LLC lifted its position in shares of CF Industries by 4.2% in the 3rd quarter. Advisor Partners II LLC now owns 7,453 shares of the basic materials company's stock worth $639,000 after purchasing an additional 302 shares during the period. Institutional investors and hedge funds own 93.06% of the company's stock.

CF Industries Stock Up 0.6 %

CF Industries stock traded up $0.48 during trading on Tuesday, hitting $74.99. 2,882,782 shares of the company were exchanged, compared to its average volume of 2,453,301. CF Industries Holdings, Inc. has a 52 week low of $60.08 and a 52 week high of $87.90. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The business's 50 day moving average is $81.34 and its 200 day moving average is $79.20. The company has a market capitalization of $13.71 billion, a P/E ratio of 12.40, a PEG ratio of 2.11 and a beta of 1.02.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.47 by ($0.44). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company's revenue was down 26.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.85 earnings per share. Analysts predict that CF Industries Holdings, Inc. will post 5.86 earnings per share for the current 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 is Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.67%. CF Industries's payout ratio is 33.22%.

Insiders Place Their Bets

In other news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the transaction, the executive vice president now directly owns 64,030 shares in the company, valued at $5,442,550. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.48% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CF. Bank of America reissued a "neutral" rating and set a $88.00 target price (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of CF Industries in a research note on Friday, February 16th. Wolfe Research initiated coverage on CF Industries in a report on Friday, March 1st. They set an "outperform" rating and a $99.00 price target on the stock. Piper Sandler lowered their price objective on shares of CF Industries from $82.00 to $75.00 and set an "underweight" rating for the company in a research note on Tuesday. Finally, UBS Group cut shares of CF Industries from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $95.00 to $83.00 in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $85.00.

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.