Adams Natural Resources Fund Inc. Increases Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Adams Natural Resources Fund Inc. lifted its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 119.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,369 shares of the basic materials company’s stock after buying an additional 16,000 shares during the quarter. Adams Natural Resources Fund Inc.’s holdings in CF Industries were worth $2,506,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in CF Industries during the fourth quarter worth approximately $34,000. Brooklyn Investment Group acquired a new position in shares of CF Industries in the 3rd quarter valued at $39,000. Creative Financial Designs Inc. ADV raised its position in CF Industries by 50.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 161 shares during the last quarter. Asset Planning Inc acquired a new stake in CF Industries during the 4th quarter worth $44,000. Finally, Arlington Trust Co LLC grew its position in CF Industries by 422.0% during the 4th 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 during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the sale, the vice president now directly owns 15,871 shares in the company, valued at $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $142,500.00. Following the sale, the executive vice president now owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. This represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,889 shares of company stock worth $1,130,955 over the last ninety days. 0.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on CF. UBS Group reduced their target price on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Oppenheimer decreased their price objective on CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. The Goldman Sachs Group initiated coverage on CF Industries in a report on Thursday, March 13th. They issued a “neutral” rating and a $86.00 target price on the stock. Piper Sandler increased 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, Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective on the stock in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $89.86.

CF Industries Stock Performance

CF opened at $76.88 on Friday. 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 $13.03 billion, a P/E ratio of 11.36, a P/E/G ratio of 0.37 and a beta of 0.99. The stock’s 50 day simple moving average is $84.43 and its 200 day simple moving average is $85.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52.

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 return on equity of 15.50% and a net margin of 20.52%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. As a group, equities analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is presently 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.