CF Industries Holdings, Inc. (NYSE:CF) Holdings Raised by Kerusso Capital Management LLC

Kerusso Capital Management LLC grew its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 106.1% in the 4th quarter, HoldingsChannel reports. The firm owned 36,674 shares of the basic materials company’s stock after acquiring an additional 18,876 shares during the quarter. CF Industries makes up about 2.0% of Kerusso Capital Management LLC’s portfolio, making the stock its 18th biggest position. Kerusso Capital Management LLC’s holdings in CF Industries were worth $3,129,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CF. Central Pacific Bank Trust Division acquired a new position in CF Industries during the fourth quarter valued at $74,000. Kingsview Wealth Management LLC acquired a new position in CF Industries during the third quarter valued at $3,149,000. AMG National Trust Bank acquired a new position in CF Industries during the third quarter valued at $887,000. Mirae Asset Global Investments Co. Ltd. raised its position in CF Industries by 14.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,807 shares of the basic materials company’s stock valued at $14,543,000 after buying an additional 21,632 shares during the period. Finally, Quantinno Capital Management LP raised its position in CF Industries by 118.7% during the third quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company’s stock valued at $1,372,000 after buying an additional 8,679 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Price Performance

Shares of NYSE:CF opened at $82.45 on Monday. The business has a 50 day moving average price of $88.69 and a 200 day moving average price of $85.39. 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 $14.35 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.39 and a beta of 0.98. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.43%. CF Industries’s payout ratio is 31.65%.

Insider Activity at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total value of $325,010.00. Following the completion of the sale, the executive vice president now owns 62,768 shares in the company, valued at approximately $5,828,636.48. This trade represents a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 7,000 shares of the firm’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 completion of the sale, the vice president now owns 22,211 shares of the company’s stock, valued at $2,016,314.58. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,389 shares of company stock worth $2,355,425 in the last 90 days. 0.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group upped their target price on CF Industries from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Scotiabank reaffirmed a “sector underperform” rating and issued a $88.00 target price on shares of CF Industries in a research report on Friday, January 24th. Oppenheimer dropped their target price on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Finally, Piper Sandler upped their target price on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $92.43.

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.