Choate Investment Advisors Acquires 188 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Choate Investment Advisors raised its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 6.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,976 shares of the basic materials company’s stock after acquiring an additional 188 shares during the period. Choate Investment Advisors’ holdings in CF Industries were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CF. Oppenheimer Asset Management Inc. raised its position in shares of CF Industries by 14.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,924 shares of the basic materials company’s stock valued at $594,000 after acquiring an additional 861 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of CF Industries by 6.0% during the 3rd quarter. CIBC Asset Management Inc now owns 31,203 shares of the basic materials company’s stock valued at $2,677,000 after acquiring an additional 1,769 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of CF Industries by 20.0% in the 3rd quarter. Natixis Advisors LLC now owns 266,866 shares of the basic materials company’s stock valued at $22,897,000 after buying an additional 44,393 shares during the period. AMG National Trust Bank acquired a new position in shares of CF Industries in the 3rd quarter valued at $887,000. Finally, Quest Partners LLC acquired a new position in shares of CF Industries in the 3rd quarter valued at $410,000. Institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CF. Barclays decreased their price target on shares of CF Industries from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Royal Bank of Canada decreased their price target on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. UBS Group decreased their price target on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target for the company in a report on Monday, February 24th. Finally, Piper Sandler upped their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and an average price target of $89.86.

CF Industries Trading Up 1.5 %

CF Industries stock opened at $77.76 on Tuesday. The firm has a 50-day moving average of $85.31 and a 200-day moving average of $85.31. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $98.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of 0.37 and a beta of 0.99.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. On average, equities analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.57%. CF Industries’s payout ratio is 29.54%.

Insider Activity

In other news, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $142,500.00. Following the sale, the executive vice president now directly owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. This represents a 1.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the sale, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,889 shares of company stock valued at $1,130,955. 0.42% of the stock is owned by company insiders.

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.