SVB Wealth LLC Acquires Shares of 3,240 CF Industries Holdings, Inc. (NYSE:CF)

SVB Wealth LLC bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,240 shares of the basic materials company’s stock, valued at approximately $276,000.

A number of other institutional investors have also modified their holdings of CF. FMR LLC grew its position in CF Industries by 3.8% during the 3rd 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 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 during the last quarter. Victory Capital Management Inc. increased its position in CF Industries by 15.1% in 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 acquiring an additional 549,569 shares during the period. Thrivent Financial for Lutherans raised its stake in CF Industries by 10.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,300,485 shares of the basic materials company’s stock valued at $111,582,000 after acquiring an additional 120,193 shares during the last quarter. Finally, AustralianSuper Pty Ltd lifted its position in CF Industries by 8.6% during the 4th 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 period. 93.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction on Monday, January 13th. The stock was 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 $1,507,745. This represents a 35.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Susan L. Menzel sold 1,500 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 value of $142,500.00. Following the completion of the transaction, the executive vice president now owns 93,986 shares in the company, valued at approximately $8,928,670. This trade represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,889 shares of company stock valued at $1,130,955 in the last ninety days. Insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered 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. Scotiabank cut their price objective on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a research report on Monday, February 24th. Piper Sandler raised 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. Royal Bank of Canada dropped their price target on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Finally, Barclays reduced their price objective on shares of CF Industries from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, CF Industries presently has an average rating of “Hold” and a consensus target price of $90.15.

CF Industries Trading Up 1.4 %

Shares of CF stock opened at $76.32 on Thursday. The stock has a market cap of $12.94 billion, a P/E ratio of 11.27, a P/E/G ratio of 0.37 and a beta of 0.98. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The business has a fifty day simple moving average of $86.93 and a 200-day simple moving average of $85.56.

CF Industries (NYSE:CF) last issued its quarterly earnings data 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. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.62%. CF Industries’s dividend payout ratio (DPR) is 29.54%.

CF Industries Company 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.