CF Industries Holdings, Inc. (NYSE:CF) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in CF Industries Holdings, Inc. (NYSE:CF) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 237,920 shares of the basic materials company’s stock after selling 8,719 shares during the quarter. Principal Financial Group Inc. owned about 0.14% of CF Industries worth $20,299,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new stake in shares of CF Industries in the 4th quarter valued at $34,000. Brooklyn Investment Group purchased a new stake in CF Industries during the third quarter worth about $39,000. Asset Planning Inc acquired a new stake in shares of CF Industries during the fourth quarter worth about $44,000. Arlington Trust Co LLC lifted its position in shares of CF Industries by 422.0% during the fourth quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 460 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of CF Industries in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

CF has been the topic of a number of research reports. Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $96.00 to $100.00 in a report on Tuesday, January 21st. UBS Group reduced their price objective on CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $82.00 to $75.00 in a report on Friday, January 24th. Piper Sandler upped their price target on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Finally, Scotiabank decreased their price objective on CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, CF Industries currently has an average rating of “Hold” and an average target price of $91.86.

CF Industries Stock Performance

Shares of CF Industries stock opened at $77.58 on Tuesday. The firm has a market capitalization of $13.50 billion, a P/E ratio of 11.46, a P/E/G ratio of 0.37 and a beta of 0.98. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 52 week low of $69.13 and a 52 week high of $98.25. The firm’s 50 day moving average is $87.73 and its two-hundred day moving average is $85.65.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Research analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.58%. CF Industries’s dividend payout ratio (DPR) is presently 29.54%.

Insider Buying and Selling

In other news, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the sale, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the completion of the transaction, the executive vice president now owns 92,486 shares in the company, valued at $8,878,656. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,389 shares of company stock worth $1,455,965 in the last quarter. 0.42% of the stock is owned by insiders.

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.