Truist Financial Corp Purchases 13,171 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Truist Financial Corp lifted its position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 173.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,757 shares of the basic materials company's stock after acquiring an additional 13,171 shares during the period. Truist Financial Corp's holdings in CF Industries were worth $1,650,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CF. Nordea Investment Management AB increased its position in CF Industries by 9.5% in the third quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company's stock worth $1,635,000 after buying an additional 1,636 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in CF Industries by 926.1% in the third 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 buying an additional 165,808 shares during the period. Comerica Bank increased its position in CF Industries by 133.8% in the third quarter. Comerica Bank now owns 54,551 shares of the basic materials company's stock worth $4,677,000 after buying an additional 31,215 shares during the period. Klein Pavlis & Peasley Financial Inc. acquired a new stake in CF Industries in the fourth quarter worth $1,627,000. Finally, Raymond James & Associates increased its position in CF Industries by 25.4% in the fourth quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company's stock worth $10,608,000 after buying an additional 27,027 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 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 in the company, valued at $5,442,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.42% of the stock is owned by company insiders.

CF Industries Trading Down 0.5 %

CF traded down $0.34 during trading on Friday, reaching $73.95. The company had a trading volume of 1,283,914 shares, compared to its average volume of 2,223,828. The firm's 50-day simple moving average is $80.81 and its 200 day simple moving average is $79.02. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 2.26 and a beta of 1.02. CF Industries Holdings, Inc. has a 12-month low of $60.08 and a 12-month high of $87.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings results 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). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm earned $2.85 EPS. The firm's revenue was down 26.9% compared to the same quarter last year. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.47 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders 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 dividend yield of 2.70%. CF Industries's dividend payout ratio is currently 33.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group lowered CF Industries from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $95.00 to $83.00 in a research report on Wednesday, January 31st. Piper Sandler decreased their price target on CF Industries from $82.00 to $75.00 and set an "underweight" rating for the company in a research note on Tuesday. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price target on shares of CF Industries in a research note on Friday, February 16th. Scotiabank decreased their price target on CF Industries from $86.00 to $80.00 and set a "sector perform" rating for the company in a research note on Monday, May 6th. Finally, Wells Fargo & Company decreased their price target on CF Industries from $98.00 to $97.00 and set an "overweight" rating for the company in a research note on Friday, February 16th. Two equities 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's stock. According to MarketBeat, CF Industries currently has a consensus rating of "Hold" and an average target price 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.