Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 21.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 25,382 shares of the basic materials company’s stock after acquiring an additional 4,457 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CF Industries were worth $2,166,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CF. FMR LLC increased its position 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of CF Industries by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock worth $477,668,000 after buying an additional 22,392 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of CF Industries by 15.1% in the third 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 position in shares of CF Industries by 10.2% in the third quarter. Thrivent Financial for Lutherans now owns 1,300,485 shares of the basic materials company’s stock valued at $111,582,000 after buying an additional 120,193 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in CF Industries by 2.4% during the third quarter. AustralianSuper Pty Ltd now owns 1,093,885 shares of the basic materials company’s stock worth $93,855,000 after acquiring an additional 25,701 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CF. Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a report on Wednesday, October 16th. UBS Group lifted their price objective 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. cut CF Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $82.00 to $75.00 in a report on Friday, January 24th. Redburn Atlantic assumed coverage on CF Industries in a research note on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price for the company. Finally, 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 research report on Monday, January 27th. Three research 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 stock has a consensus rating of “Hold” and an average price target of $92.43.

Insider Transactions at CF Industries

In other news, EVP Susan L. Menzel sold 1,500 shares of the firm’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 value of $144,000.00. Following the completion of the transaction, the executive vice president now owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $635,460.00. Following the sale, the vice president now directly owns 22,211 shares in the company, valued at approximately $2,016,314.58. The trade was a 23.96 % 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 ninety days. Company insiders own 0.42% of the company’s stock.

CF Industries Price Performance

CF Industries stock opened at $87.00 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.39 and a beta of 0.98. The company’s 50 day simple moving average is $89.36 and its 200-day simple moving average is $85.20. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25.

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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is 31.65%.

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.