Convergence Investment Partners LLC Takes $1.20 Million Position in CF Industries Holdings, Inc. (NYSE:CF)

Convergence Investment Partners LLC purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,060 shares of the basic materials company’s stock, valued at approximately $1,200,000.

Other hedge funds have also bought and sold shares of the company. FMR LLC raised its holdings in shares of CF Industries by 3.8% during the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after purchasing an additional 300,050 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of CF Industries by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock valued at $477,668,000 after buying an additional 22,392 shares during the period. Victory Capital Management Inc. grew its position in shares of CF Industries by 15.1% during 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 last quarter. Thrivent Financial for Lutherans raised its stake in CF Industries by 10.2% during the third quarter. Thrivent Financial for Lutherans now owns 1,300,485 shares of the basic materials company’s stock worth $111,582,000 after acquiring an additional 120,193 shares during the period. Finally, AustralianSuper Pty Ltd lifted its holdings in CF Industries by 8.6% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,187,445 shares of the basic materials company’s stock worth $101,313,000 after acquiring an additional 93,560 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the transaction, the vice president now directly owns 15,871 shares in the company, valued at $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the firm’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 $142,500.00. Following the completion of the transaction, the executive vice president now directly owns 93,986 shares in the company, valued at $8,928,670. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,389 shares of company stock valued at $1,455,965 over the last three months. 0.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CF shares. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $82.00 to $75.00 in a report on Friday, January 24th. Barclays downgraded CF Industries from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $96.00 to $100.00 in a research note on Tuesday, January 21st. UBS Group raised their target price on CF Industries from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Piper Sandler boosted their price target on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Finally, Scotiabank reaffirmed a “sector underperform” rating and issued a $88.00 price objective on shares of CF Industries in a report on Friday, January 24th. 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $92.43.

CF Industries Stock Up 0.7 %

NYSE CF opened at $83.81 on Thursday. The company has a market capitalization of $14.58 billion, a P/E ratio of 13.26, a PEG ratio of 0.38 and a beta of 0.98. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The company’s 50 day simple moving average is $88.34 and its 200 day simple moving average is $85.50.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. Equities research analysts expect that CF Industries Holdings, Inc. will post 6.31 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.39%. CF Industries’s dividend payout ratio is 31.65%.

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.