Stratos Wealth Partners LTD. Cuts Stake in CF Industries Holdings, Inc. (NYSE:CF)

Stratos Wealth Partners LTD. reduced its stake in CF Industries Holdings, Inc. (NYSE:CF) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,439 shares of the basic materials company’s stock after selling 565 shares during the period. Stratos Wealth Partners LTD.’s holdings in CF Industries were worth $273,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Stratos Wealth Advisors LLC boosted its position in shares of CF Industries by 3.7% during the fourth quarter. Stratos Wealth Advisors LLC now owns 15,251 shares of the basic materials company’s stock valued at $1,212,000 after buying an additional 547 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of CF Industries during the fourth quarter valued at $359,000. International Assets Investment Management LLC purchased a new stake in shares of CF Industries during the fourth quarter valued at $9,480,000. Asset Management One Co. Ltd. boosted its position in shares of CF Industries by 0.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 77,974 shares of the basic materials company’s stock valued at $6,211,000 after buying an additional 417 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of CF Industries by 94.7% during the fourth quarter. Ballentine Partners LLC now owns 5,279 shares of the basic materials company’s stock valued at $420,000 after buying an additional 2,567 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CF. Barclays raised CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock in a research report on Friday, January 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of CF Industries in a report on Friday, February 16th. Bank of America reissued a “neutral” rating and issued a $88.00 target price (down previously from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Wells Fargo & Company lowered their target price on CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Finally, Piper Sandler downgraded CF Industries from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $87.00 to $82.00 in a report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $89.20.

CF Industries Stock Down 0.0 %

Shares of CF opened at $78.07 on Tuesday. The business’s 50 day moving average is $81.28 and its 200 day moving average is $79.84. The company has a market capitalization of $14.66 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 2.23 and a beta of 1.03. CF Industries Holdings, Inc. has a 12-month low of $60.08 and a 12-month high of $87.90. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35.

CF Industries (NYSE:CF) last issued its earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.12). The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion. CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The firm’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same period last year, the business posted $4.35 EPS. Research analysts expect that CF Industries Holdings, Inc. will post 5.85 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.56%. The ex-dividend date was Wednesday, February 14th. This is an increase 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 CF Industries news, EVP Bert A. Frost sold 6,000 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 64,030 shares in the company, valued at approximately $5,442,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is owned by corporate 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.