CF Industries Holdings, Inc. (NYSE:CF) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC raised its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,146 shares of the basic materials company’s stock after purchasing an additional 587 shares during the quarter. Perigon Wealth Management LLC’s holdings in CF Industries were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of CF Industries by 0.4% in the first quarter. Vanguard Group Inc. now owns 25,747,358 shares of the basic materials company’s stock worth $2,653,523,000 after acquiring an additional 94,482 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of CF Industries by 34.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,213,654 shares of the basic materials company’s stock worth $447,019,000 after purchasing an additional 1,329,677 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CF Industries by 2.6% during the first quarter. Geode Capital Management LLC now owns 4,662,248 shares of the basic materials company’s stock worth $340,437,000 after buying an additional 117,827 shares in the last quarter. Morgan Stanley raised its position in shares of CF Industries by 101.0% in the fourth quarter. Morgan Stanley now owns 4,014,385 shares of the basic materials company’s stock valued at $342,026,000 after buying an additional 2,017,325 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of CF Industries by 4.3% during the third quarter. Northern Trust Corp now owns 3,644,100 shares of the basic materials company’s stock valued at $312,445,000 after buying an additional 151,148 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

CF has been the subject of a number of recent analyst reports. Wolfe Research assumed coverage on CF Industries in a research report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price objective for the company. Barclays raised shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price objective for the company in a research note on Friday, January 12th. Piper Sandler cut shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $87.00 to $82.00 in a research report on Thursday, February 29th. UBS Group lowered shares of CF Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $95.00 to $83.00 in a research report on Wednesday, January 31st. Finally, Bank of America reiterated a “neutral” rating and issued a $88.00 price target (down previously from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $89.20.

CF Industries Price Performance

Shares of NYSE:CF opened at $78.07 on Tuesday. The company has a market cap of $14.66 billion, a PE ratio of 9.96, a P/E/G ratio of 2.23 and a beta of 1.03. CF Industries Holdings, Inc. has a fifty-two week low of $60.08 and a fifty-two week high of $87.90. The firm has a 50-day simple moving average of $81.28 and a 200 day simple moving average of $79.84. The company has a quick ratio of 3.44, a current ratio of 3.81 and a debt-to-equity ratio of 0.35.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The firm’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.35 earnings per share. On average, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 5.85 EPS for the current year.

CF Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Wednesday, February 14th. This is a boost from CF Industries’s previous quarterly dividend of $0.40. CF Industries’s dividend payout ratio (DPR) is 25.51%.

Insider Activity at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the sale, the executive vice president now owns 64,030 shares of the company’s stock, valued at $5,442,550. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.48% of the stock is currently owned by insiders.

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.