CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by AGF Management Ltd.

AGF Management Ltd. cut its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 19.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,480 shares of the basic materials company’s stock after selling 8,917 shares during the quarter. AGF Management Ltd.’s holdings in CF Industries were worth $3,112,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Heck Capital Advisors LLC purchased a new stake in CF Industries in the 4th quarter worth $34,000. Brooklyn Investment Group acquired a new stake in shares of CF Industries in the third quarter valued at about $39,000. Asset Planning Inc purchased a new stake in shares of CF Industries during the fourth quarter worth about $44,000. Arlington Trust Co LLC raised its position in shares of CF Industries by 422.0% during the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 460 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in CF Industries in the 4th quarter valued at about $49,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CF has been the subject of several research reports. Royal Bank of Canada cut their price objective on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Piper Sandler boosted their price target on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $82.00 to $75.00 in a report on Friday, January 24th. Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price for the company in a report on Monday, February 24th. Finally, Oppenheimer reduced their target price on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average price target of $90.15.

Insiders Place Their Bets

In other news, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the sale, the vice president now directly owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the sale, the executive vice president now directly owns 92,486 shares in the company, valued at $8,878,656. This trade 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 11,889 shares of company stock valued at $1,130,955 over the last quarter. 0.42% of the stock is owned by insiders.

CF Industries Trading Up 1.3 %

Shares of CF opened at $77.80 on Thursday. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $98.25. The firm has a market capitalization of $13.19 billion, a P/E ratio of 11.49, a P/E/G ratio of 0.37 and a beta of 0.99. The firm has a 50-day moving average price of $85.97 and a 200 day moving average price of $85.39. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.57%. CF Industries’s payout ratio is 29.54%.

CF Industries 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.