2,669 Shares in CF Industries Holdings, Inc. (NYSE:CF) Acquired by Planned Solutions Inc.

Planned Solutions Inc. acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,669 shares of the basic materials company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nordea Investment Management AB raised its position in shares of CF Industries by 9.5% in the 3rd quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company’s stock valued at $1,635,000 after buying an additional 1,636 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in CF Industries by 926.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company’s stock worth $15,751,000 after acquiring an additional 165,808 shares during the last quarter. Comerica Bank increased its stake in shares of CF Industries by 133.8% in the third quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock valued at $4,677,000 after buying an additional 31,215 shares during the period. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of CF Industries in the fourth quarter worth $1,627,000. Finally, JPMorgan Chase & Co. increased its stake in shares of CF Industries by 32.8% in the second quarter. JPMorgan Chase & Co. now owns 1,118,006 shares of the basic materials company’s stock valued at $77,612,000 after buying an additional 276,333 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Stock Up 1.0 %

CF Industries stock opened at $82.62 on Thursday. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 2.35 and a beta of 1.03. The firm has a 50 day simple moving average of $79.80 and a 200 day simple moving average of $79.99. CF Industries Holdings, Inc. has a 1-year low of $60.08 and a 1-year high of $87.90. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $4.35 earnings per share. The company’s quarterly revenue was down 39.8% on a year-over-year basis. On average, analysts predict that CF Industries Holdings, Inc. will post 5.81 earnings per share for the current year.

CF Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.42%. This is a boost from CF Industries’s previous quarterly dividend of $0.40. CF Industries’s dividend payout ratio (DPR) is 25.51%.

Insider Buying and Selling

In related news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the transaction, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.42% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CF shares. Piper Sandler cut shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $87.00 to $82.00 in a research report on Thursday, February 29th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of CF Industries in a research report on Friday, February 16th. Wells Fargo & Company decreased their target price on CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. UBS Group cut CF Industries from a “buy” rating to a “neutral” rating and cut their price target for the stock from $95.00 to $83.00 in a report on Wednesday, January 31st. Finally, Wolfe Research initiated coverage on shares of CF Industries in a research note on Friday, March 1st. They issued an “outperform” rating and a $99.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $90.19.

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.