Shell Asset Management Co. Reduces Stake in CF Industries Holdings, Inc. (NYSE:CF)

Shell Asset Management Co. decreased its stake in shares of CF Industries Holdings, Inc. (NYSE:CFFree Report) by 17.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,268 shares of the basic materials company’s stock after selling 3,306 shares during the period. Shell Asset Management Co.’s holdings in CF Industries were worth $1,214,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CF. Balentine LLC raised its holdings in shares of CF Industries by 5.9% in the 4th quarter. Balentine LLC now owns 2,914 shares of the basic materials company’s stock valued at $232,000 after acquiring an additional 162 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of CF Industries by 5.3% in the 4th quarter. Raymond James Trust N.A. now owns 3,507 shares of the basic materials company’s stock valued at $279,000 after acquiring an additional 176 shares in the last quarter. US Bancorp DE raised its holdings in shares of CF Industries by 1.7% in the 4th quarter. US Bancorp DE now owns 11,396 shares of the basic materials company’s stock valued at $906,000 after acquiring an additional 188 shares in the last quarter. Greenleaf Trust raised its holdings in shares of CF Industries by 5.7% in the 3rd quarter. Greenleaf Trust now owns 3,680 shares of the basic materials company’s stock valued at $316,000 after acquiring an additional 197 shares in the last quarter. Finally, Evergreen Wealth Solutions LLC raised its holdings in shares of CF Industries by 6.1% in the 4th quarter. Evergreen Wealth Solutions LLC now owns 3,494 shares of the basic materials company’s stock valued at $278,000 after acquiring an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

CF has been the topic of several recent analyst reports. Piper Sandler lowered their price target on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a report on Tuesday, May 7th. Wells Fargo & Company reduced their price objective on CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a research report on Friday, February 16th. Bank of America reiterated a “neutral” rating and set a $88.00 price objective (down from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Berenberg Bank increased their price objective on CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Finally, BMO Capital Markets reduced their price objective on CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus target price of $85.00.

Check Out Our Latest Report on CF Industries

CF Industries Price Performance

CF opened at $78.67 on Tuesday. The stock’s 50 day simple moving average is $78.40 and its 200 day simple moving average is $78.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. CF Industries Holdings, Inc. has a 1 year low of $66.97 and a 1 year high of $87.90. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 2.47 and a beta of 1.00.

CF Industries (NYSE:CFGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. CF Industries’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.85 earnings per share. As a group, analysts predict that CF Industries Holdings, Inc. will post 5.24 earnings per share for the current year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a $0.50 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.54%. CF Industries’s dividend payout ratio is currently 33.22%.

CF Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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