CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by American International Group Inc.

American International Group Inc. trimmed its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,347 shares of the basic materials company’s stock after selling 1,116 shares during the quarter. American International Group Inc.’s holdings in CF Industries were worth $4,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB boosted its holdings in CF Industries by 9.5% in the 3rd quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company’s stock valued at $1,635,000 after purchasing an additional 1,636 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in CF Industries by 926.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company’s stock worth $15,751,000 after acquiring an additional 165,808 shares during the period. Comerica Bank raised its position in CF Industries by 133.8% in the third quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock worth $4,677,000 after acquiring an additional 31,215 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new position in CF Industries in the fourth quarter worth $1,627,000. Finally, Raymond James & Associates lifted its holdings in CF Industries by 25.4% in the fourth quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock valued at $10,608,000 after acquiring an additional 27,027 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Stock Performance

Shares of NYSE CF opened at $73.11 on Monday. The company has a 50-day simple moving average of $76.88 and a 200-day simple moving average of $78.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. The company has a market cap of $13.36 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.37 and a beta of 1.00. CF Industries Holdings, Inc. has a 12 month low of $67.59 and a 12 month high of $87.90.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.44). CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the firm posted $2.85 earnings per share. The firm’s revenue was down 26.9% on a year-over-year basis. On average, equities analysts anticipate that CF Industries Holdings, Inc. will post 5.2 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.00 annualized dividend and a yield of 2.74%. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CF. Scotiabank lowered their price target on shares of CF Industries from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Monday, May 6th. Bank of America reiterated a “neutral” rating and set a $88.00 price target (down 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 note on Friday, March 1st. They set an “outperform” rating and a $99.00 price target on the stock. Piper Sandler dropped their price objective on CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a research note on Tuesday, May 7th. Finally, BMO Capital Markets reduced their price objective on CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $85.00.

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.