Fractal Investments LLC Cuts Stock Position in CF Industries Holdings, Inc. (NYSE:CF)

Fractal Investments LLC lessened its stake in CF Industries Holdings, Inc. (NYSE:CF) by 70.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,100 shares of the basic materials company’s stock after selling 12,184 shares during the quarter. Fractal Investments LLC’s holdings in CF Industries were worth $405,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CF. CWM LLC grew its stake in shares of CF Industries by 15.5% during the third quarter. CWM LLC now owns 2,748 shares of the basic materials company’s stock worth $236,000 after acquiring an additional 368 shares during the last quarter. Douglas Lane & Associates LLC purchased a new stake in shares of CF Industries during the third quarter worth about $283,000. Marion Wealth Management grew its stake in shares of CF Industries by 4.6% during the third quarter. Marion Wealth Management now owns 9,337 shares of the basic materials company’s stock worth $801,000 after acquiring an additional 408 shares during the last quarter. CX Institutional purchased a new stake in shares of CF Industries during the third quarter worth about $3,367,000. Finally, Spectrum Asset Management Inc. NB CA grew its stake in shares of CF Industries by 39.9% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 36,639 shares of the basic materials company’s stock worth $3,141,000 after acquiring an additional 10,454 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

NYSE:CF traded up $0.71 during trading hours on Wednesday, reaching $79.25. The company had a trading volume of 1,416,165 shares, compared to its average volume of 2,481,236. CF Industries Holdings, Inc. has a 1-year low of $60.08 and a 1-year high of $87.90. The firm has a market cap of $14.88 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.03. The business’s 50 day moving average price is $81.46 and its 200-day moving average price is $79.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 3.44.

CF Industries (NYSE:CF) last announced its earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.12). The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The company’s quarterly revenue was down 39.8% compared to the same quarter last year. During the same period in the previous year, the company earned $4.35 earnings per share. Research analysts forecast that CF Industries Holdings, Inc. will post 5.86 EPS for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s payout ratio is 25.51%.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the transaction, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CF shares. Barclays upgraded CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price target on the stock in a research note on Friday, January 12th. Bank of America reiterated a “neutral” rating and issued a $88.00 target price (down previously from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Wolfe Research assumed coverage on CF Industries in a research report on Friday, March 1st. They issued an “outperform” rating and a $99.00 target price on the stock. UBS Group lowered CF Industries from a “buy” rating to a “neutral” rating and dropped their target price for the company from $95.00 to $83.00 in a research report on Wednesday, January 31st. Finally, Piper Sandler lowered CF Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $87.00 to $82.00 in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $86.47.

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.