Mitsubishi UFJ Trust & Banking Corp Trims Stake in CF Industries Holdings, Inc. (NYSE:CF)

Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 276,755 shares of the basic materials company’s stock after selling 17,206 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in CF Industries were worth $23,613,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CF. Heck Capital Advisors LLC acquired a new position in shares of CF Industries in the fourth quarter valued at approximately $34,000. Brooklyn Investment Group acquired a new position in CF Industries in the 3rd quarter valued at $39,000. Creative Financial Designs Inc. ADV raised its holdings 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 acquiring an additional 161 shares during the last quarter. Asset Planning Inc purchased a new position in shares of CF Industries during the 4th quarter worth $44,000. Finally, Arlington Trust Co LLC boosted its holdings in shares of CF Industries by 422.0% during the fourth 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 institutional investors and hedge funds.

Wall Street Analyst Weigh In

CF has been the subject of several analyst reports. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price for the company in a research note on Monday, February 24th. Piper Sandler increased their price objective on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Royal Bank of Canada lowered their target price on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Scotiabank cut their price target on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating on the stock in a research note on Monday, February 24th. Finally, UBS Group decreased their price target on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $89.86.

Insider Transactions at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $142,500.00. Following the completion of the sale, the executive vice president now directly owns 93,986 shares of the company’s stock, valued at $8,928,670. The trade was a 1.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,889 shares of company stock valued at $1,130,955. 0.48% of the stock is currently owned by insiders.

CF Industries Stock Performance

Shares of NYSE:CF opened at $77.97 on Friday. The company has a market cap of $13.22 billion, a P/E ratio of 11.52, a PEG ratio of 0.37 and a beta of 0.99. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $98.25. The business’s 50-day simple moving average is $82.88 and its 200 day simple moving average is $85.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 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 net margin of 20.52% and a return on equity of 15.50%. On average, sell-side analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s payout ratio is 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.