Mirae Asset Global Investments Co. Ltd. Buys 21,632 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Mirae Asset Global Investments Co. Ltd. boosted its stake in CF Industries Holdings, Inc. (NYSE:CF) by 14.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,807 shares of the basic materials company’s stock after purchasing an additional 21,632 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of CF Industries worth $14,543,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of CF Industries by 15.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after buying an additional 549,569 shares during the period. International Assets Investment Management LLC lifted its holdings in CF Industries by 7,617.5% during the third quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock worth $375,440,000 after acquiring an additional 431,910 shares in the last quarter. Barclays PLC grew its stake in CF Industries by 68.9% in the third quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock valued at $63,263,000 after acquiring an additional 300,873 shares during the period. FMR LLC increased its holdings in shares of CF Industries by 3.8% in the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after acquiring an additional 300,050 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new stake in shares of CF Industries during the third quarter worth about $17,437,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Stock Down 6.3 %

CF stock opened at $84.07 on Friday. CF Industries Holdings, Inc. has a twelve month low of $69.13 and a twelve month high of $98.25. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 0.74 and a beta of 0.97. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $89.55 and a two-hundred day moving average price of $84.82.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is currently 31.65%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CF shares. Barclays lowered CF Industries from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $96.00 to $100.00 in a research report on Tuesday, January 21st. Scotiabank reissued a “sector underperform” rating and set a $88.00 price objective on shares of CF Industries in a research report on Friday, January 24th. Redburn Atlantic assumed coverage on shares of CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective on the stock. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price for the company. in a research note on Wednesday, October 16th. Finally, Piper Sandler boosted their price target on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and an average price target of $92.43.

Insider Buying and Selling at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total value of $635,460.00. Following the sale, the vice president now owns 22,211 shares in the company, valued at $2,016,314.58. This represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total value of $144,000.00. Following the transaction, the executive vice president now owns 92,486 shares of the company’s stock, valued at $8,878,656. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,389 shares of company stock worth $2,355,425 over the last quarter. 0.48% of the stock is currently owned by insiders.

About CF Industries

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.