ING Groep NV Lowers Position in CF Industries Holdings, Inc. (NYSE:CF)

ING Groep NV decreased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 76.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,226 shares of the basic materials company’s stock after selling 73,402 shares during the period. ING Groep NV’s holdings in CF Industries were worth $1,896,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Central Pacific Bank Trust Division bought a new position in shares of CF Industries during the 4th quarter worth approximately $74,000. Kingsview Wealth Management LLC purchased a new stake in shares of CF Industries during the third quarter valued at approximately $3,149,000. AMG National Trust Bank bought a new stake in CF Industries during the third quarter worth $887,000. Mirae Asset Global Investments Co. Ltd. boosted its position in CF Industries by 14.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,807 shares of the basic materials company’s stock worth $14,543,000 after purchasing an additional 21,632 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in CF Industries by 118.7% in the 3rd quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company’s stock valued at $1,372,000 after purchasing an additional 8,679 shares during the period. Institutional investors own 93.06% of the company’s stock.

Insider Activity at CF Industries

In related news, VP Ashraf K. Malik sold 8,889 shares of the 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 owns 15,871 shares in the company, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $142,500.00. Following the transaction, the executive vice president now owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,389 shares of company stock valued at $1,455,965. Corporate insiders own 0.42% of the company’s stock.

CF Industries Trading Down 2.9 %

NYSE:CF opened at $77.90 on Monday. The company has a market cap of $13.56 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.37 and a beta of 0.98. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The stock’s fifty day moving average price is $87.91 and its two-hundred day moving average price is $85.67.

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

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 2.57%. CF Industries’s dividend payout ratio (DPR) is currently 29.54%.

Analyst Ratings Changes

A number of research firms have recently commented on CF. Oppenheimer lowered their target price on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Barclays cut shares of CF Industries from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $96.00 to $100.00 in a research note on Tuesday, January 21st. Piper Sandler raised their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada downgraded CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective on the stock. in a research note on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $92.29.

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.