Mizuho Bank Ltd. Acquires Shares of 300 CF Industries Holdings, Inc. (NYSE:CF)

Mizuho Bank Ltd. bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the fourth quarter, Holdings Channel.com reports. The fund bought 300 shares of the basic materials company’s stock, valued at approximately $26,000.

A number of other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in CF Industries during the 4th quarter valued at about $131,350,000. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new position in shares of CF Industries during the fourth quarter valued at approximately $37,247,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of CF Industries by 459.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 435,352 shares of the basic materials company’s stock valued at $36,583,000 after buying an additional 357,531 shares during the last quarter. Barclays PLC raised its position in CF Industries by 68.9% in the 3rd quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock valued at $63,263,000 after buying an additional 300,873 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in CF Industries by 7.1% during the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company’s stock valued at $382,901,000 after acquiring an additional 299,173 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Ashraf K. Malik sold 8,889 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total transaction of $144,000.00. Following the sale, the executive vice president now directly owns 92,486 shares in the company, valued at $8,878,656. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,889 shares of company stock worth $1,130,955. 0.42% of the stock is owned by corporate insiders.

CF Industries Trading Down 8.7 %

Shares of CF opened at $72.91 on Friday. CF Industries Holdings, Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The business has a 50-day moving average of $80.94 and a 200 day moving average of $85.03. The firm has a market cap of $12.36 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84. 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 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, research analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Friday, February 14th. CF Industries’s payout ratio is currently 29.54%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank lowered their target price on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Barclays dropped their target price on shares of CF Industries from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. The Goldman Sachs Group initiated coverage on CF Industries in a research report on Thursday, March 13th. They set a “neutral” rating and a $86.00 price target for the company. Finally, Piper Sandler boosted 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $89.86.

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.