iA Global Asset Management Inc. lifted its position in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 17.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 31,968 shares of the basic materials company’s stock after acquiring an additional 4,645 shares during the period. iA Global Asset Management Inc.’s holdings in CF Industries were worth $2,472,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of CF Industries by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 232,647 shares of the basic materials company’s stock worth $20,868,000 after purchasing an additional 23,942 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of CF Industries by 878.2% in the 3rd quarter. Assetmark Inc. now owns 17,941 shares of the basic materials company’s stock worth $1,609,000 after purchasing an additional 16,107 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of CF Industries by 19.8% in the 3rd quarter. Van ECK Associates Corp now owns 369,321 shares of the basic materials company’s stock worth $33,128,000 after purchasing an additional 61,140 shares during the last quarter. Inspire Advisors LLC bought a new stake in shares of CF Industries in the 3rd quarter worth approximately $677,000. Finally, KBC Group NV lifted its holdings in shares of CF Industries by 26.9% in the 4th quarter. KBC Group NV now owns 1,170,171 shares of the basic materials company’s stock worth $90,501,000 after purchasing an additional 248,020 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.
Insider Activity
In other news, EVP Susan L. Menzel sold 18,041 shares of CF Industries stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $136.06, for a total transaction of $2,454,658.46. Following the transaction, the executive vice president directly owned 55,762 shares in the company, valued at approximately $7,586,977.72. This trade represents a 24.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $126.00, for a total value of $756,000.00. Following the transaction, the executive vice president owned 69,472 shares in the company, valued at approximately $8,753,472. This trade represents a 7.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,408 shares of company stock worth $9,971,298 over the last ninety days. 0.51% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on CF Industries
CF Industries Stock Down 0.1%
Shares of CF Industries stock opened at $125.16 on Tuesday. The business’s fifty day moving average price is $124.24 and its two-hundred day moving average price is $99.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. The company has a market capitalization of $19.23 billion, a P/E ratio of 11.25 and a beta of 0.42. CF Industries Holdings, Inc. has a 1-year low of $75.42 and a 1-year high of $141.96.
CF Industries (NYSE:CF – Get Free Report) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $2.63 by $1.35. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.84 billion. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.85 EPS. As a group, research analysts forecast that CF Industries Holdings, Inc. will post 15.02 EPS for the current year.
CF Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 annualized dividend and a yield of 1.6%. CF Industries’s payout ratio is presently 17.97%.
About CF Industries
CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.
Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.
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