US Bancorp DE Acquires 393 Shares of CF Industries Holdings, Inc. (NYSE:CF)

US Bancorp DE increased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,848 shares of the basic materials company’s stock after buying an additional 393 shares during the quarter. US Bancorp DE’s holdings in CF Industries were worth $1,011,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Central Pacific Bank Trust Division acquired a new stake in shares of CF Industries in the 4th quarter valued at $74,000. Kingsview Wealth Management LLC bought a new stake in shares of CF Industries during the third quarter worth $3,149,000. AMG National Trust Bank acquired a new position in shares of CF Industries during the third quarter worth $887,000. National Pension Service lifted its stake in shares of CF Industries by 2,848.4% in the 4th quarter. National Pension Service now owns 290,384 shares of the basic materials company’s stock valued at $24,776,000 after acquiring an additional 280,535 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CF Industries by 14.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,807 shares of the basic materials company’s stock valued at $14,543,000 after acquiring an additional 21,632 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CF. UBS Group dropped their price target on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada lowered their target price on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Scotiabank reduced their target price on CF Industries from $88.00 to $81.00 and set a “sector underperform” rating on the stock in a report on Monday, February 24th. Piper Sandler lifted their price objective on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $90.15.

Insider Buying and Selling

In related news, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $142,500.00. Following the completion of the transaction, the executive vice president now directly owns 93,986 shares in the company, valued at $8,928,670. The trade was a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ashraf K. Malik sold 8,889 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the sale, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,889 shares of company stock valued at $1,130,955. Company insiders own 0.42% of the company’s stock.

CF Industries Price Performance

Shares of NYSE:CF opened at $77.28 on Monday. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The stock’s fifty day simple moving average is $86.43 and its two-hundred day simple moving average is $85.48. CF Industries Holdings, Inc. has a 1-year low of $69.13 and a 1-year high of $98.25. The stock has a market cap of $13.10 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 0.37 and a beta of 0.99.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping 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 company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Friday, February 14th. CF Industries’s dividend payout ratio is currently 29.54%.

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.