CF Industries Holdings, Inc. (NYSE:CF) Given Average Rating of “Hold” by Brokerages

CF Industries Holdings, Inc. (NYSE:CF) has been given an average recommendation of “Hold” by the fourteen research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $92.43.

A number of brokerages recently commented on CF. Scotiabank reiterated a “sector underperform” rating and issued a $88.00 target price on shares of CF Industries in a research report on Friday, January 24th. Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $96.00 to $100.00 in a research note on Tuesday, January 21st. UBS Group boosted their target price on shares of CF Industries from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Redburn Atlantic started coverage on shares of CF Industries in a report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price target on the stock. Finally, Piper Sandler lifted their price objective on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, January 27th.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total value of $144,000.00. Following the completion of the sale, the executive vice president now directly owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Ashraf K. Malik sold 7,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the completion of the sale, the vice president now owns 22,211 shares in the company, valued at $2,016,314.58. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,389 shares of company stock worth $2,355,425. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On CF Industries

Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. raised its holdings in CF Industries by 15.1% in the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after acquiring an additional 549,569 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of CF Industries by 7,617.5% in the 3rd quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after purchasing an additional 431,910 shares in the last quarter. Barclays PLC lifted its position in shares of CF Industries by 68.9% during the 3rd quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock worth $63,263,000 after purchasing an additional 300,873 shares during the last quarter. FMR LLC grew its stake in shares of CF Industries by 3.8% during the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after purchasing an additional 300,050 shares in the last quarter. Finally, National Pension Service increased its holdings in CF Industries by 2,848.4% in the fourth quarter. National Pension Service now owns 290,384 shares of the basic materials company’s stock valued at $24,776,000 after buying an additional 280,535 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Price Performance

Shares of CF stock opened at $84.07 on Friday. The firm has a market capitalization of $14.63 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.74 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. The stock’s 50-day simple moving average is $89.55 and its 200-day simple moving average is $84.82. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $98.25.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.38%. CF Industries’s payout ratio is 31.65%.

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.