CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 22.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,493 shares of the basic materials company’s stock after selling 1,018 shares during the period. Intech Investment Management LLC’s holdings in CF Industries were worth $300,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Victory Capital Management Inc. lifted its stake 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 buying an additional 549,569 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in CF Industries by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock valued at $212,823,000 after buying an additional 198,246 shares in the last quarter. Earnest Partners LLC lifted its stake in CF Industries by 2.8% in the 2nd quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock valued at $162,584,000 after buying an additional 59,674 shares in the last quarter. Sei Investments Co. lifted its stake in CF Industries by 5.1% in the 2nd quarter. Sei Investments Co. now owns 1,422,493 shares of the basic materials company’s stock valued at $105,435,000 after buying an additional 68,834 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in CF Industries by 10.2% in 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 buying an additional 120,193 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This represents a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the sale, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at $9,077,640. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,701 shares of company stock valued at $2,052,704. Insiders own 0.48% of the company’s stock.

CF Industries Price Performance

CF Industries stock opened at $91.50 on Thursday. The stock has a market cap of $15.92 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 2.40 and a beta of 0.98. The company has a fifty day simple moving average of $86.30 and a 200-day simple moving average of $80.10. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $94.46. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

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

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.50 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.19%. CF Industries’s payout ratio is 31.65%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Scotiabank raised their target price on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. UBS Group raised their target price on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Barclays raised their price target on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Piper Sandler raised their price target on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Finally, Mizuho raised their price target on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, CF Industries presently has an average rating of “Hold” and an average price target of $88.42.

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.