CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,214 shares of the basic materials company’s stock after selling 838 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CF Industries were worth $1,906,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CF. Swedbank AB acquired a new stake in shares of CF Industries during the first quarter worth $19,824,000. Envestnet Portfolio Solutions Inc. boosted its stake in CF Industries by 17.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock valued at $3,724,000 after acquiring an additional 7,294 shares during the period. Cetera Investment Advisers grew its holdings in shares of CF Industries by 286.0% during the first quarter. Cetera Investment Advisers now owns 34,439 shares of the basic materials company’s stock valued at $2,866,000 after purchasing an additional 25,516 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of CF Industries during the 2nd quarter worth approximately $4,710,000. Finally, Bayesian Capital Management LP bought a new stake in shares of CF Industries in the 1st quarter worth approximately $2,384,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Ashraf K. Malik sold 7,201 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This trade represents a 19.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bert A. Frost sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the completion of the transaction, the executive vice president now owns 103,155 shares in the company, valued at $9,077,640. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,201 shares of company stock worth $1,727,694. 0.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CF shares. Piper Sandler boosted their target price on shares of CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Mizuho lifted their target price on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Wells Fargo & Company increased their price target on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Barclays raised their price target on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, Scotiabank increased their target price on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $88.42.

CF Industries Trading Down 0.9 %

CF Industries stock opened at $89.79 on Monday. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $91.06. The firm’s 50 day moving average price is $85.25 and its two-hundred day moving average price is $79.38. The firm has a market cap of $15.63 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 2.39 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. CF Industries’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, research analysts predict that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.23%. CF Industries’s payout ratio is currently 31.65%.

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.