Nisa Investment Advisors LLC Sells 16,235 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Nisa Investment Advisors LLC lowered its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 21.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,551 shares of the basic materials company’s stock after selling 16,235 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CF Industries were worth $4,576,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Mizuho Bank Ltd. bought a new stake in shares of CF Industries in the 4th quarter worth approximately $26,000. Curat Global LLC bought a new stake in shares of CF Industries in the 1st quarter worth approximately $25,000. Golden State Wealth Management LLC raised its holdings in shares of CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 206 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of CF Industries in the 4th quarter worth approximately $34,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of 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 worth $41,000 after purchasing an additional 161 shares during the period. Institutional investors own 93.06% of the company’s stock.

Insider Transactions at CF Industries

In related news, EVP Susan L. Menzel sold 10,000 shares of the company’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $100.23, for a total value of $1,002,300.00. Following the completion of the transaction, the executive vice president directly owned 87,923 shares in the company, valued at approximately $8,812,522.29. The trade was a 10.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CF shares. Barclays lifted their price objective on shares of CF Industries from $91.00 to $95.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Scotiabank upgraded shares of CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 price objective for the company in a research note on Wednesday, April 9th. Wolfe Research lowered shares of CF Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 12th. Oppenheimer lowered shares of CF Industries from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company set a $105.00 price objective on shares of CF Industries and gave the company an “overweight” rating in a research note on Wednesday, June 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $92.07.

CF Industries Stock Up 2.5%

CF opened at $98.20 on Friday. The company has a fifty day moving average price of $91.78 and a 200-day moving average price of $85.18. The firm has a market capitalization of $16.65 billion, a P/E ratio of 12.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.59 and a quick ratio of 2.22. CF Industries Holdings, Inc. has a one year low of $67.34 and a one year high of $104.45.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.38. CF Industries had a net margin of 21.80% and a return on equity of 17.39%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. Equities research analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to purchase up to 14.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a $0.50 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.00 annualized dividend and a yield of 2.04%. CF Industries’s dividend payout ratio (DPR) is presently 26.35%.

CF Industries 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.