CastleKnight Management LP Decreases Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

CastleKnight Management LP trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 96.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,400 shares of the basic materials company’s stock after selling 155,100 shares during the period. CastleKnight Management LP’s holdings in CF Industries were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. raised its holdings in CF Industries by 15.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,963 shares of the basic materials company’s stock valued at $340,000 after buying an additional 516 shares during the period. J.P. Morgan Private Wealth Advisors LLC raised its holdings in CF Industries by 3.0% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 18,645 shares of the basic materials company’s stock valued at $1,599,000 after buying an additional 537 shares during the period. Gabelli Funds LLC raised its holdings in CF Industries by 126.0% during the 3rd quarter. Gabelli Funds LLC now owns 22,600 shares of the basic materials company’s stock valued at $1,938,000 after buying an additional 12,600 shares during the period. Charles Schwab Investment Management Inc. increased its stake in CF Industries by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,076,321 shares of the basic materials company’s stock worth $92,284,000 after purchasing an additional 25,518 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in CF Industries by 12.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 21,882 shares of the basic materials company’s stock worth $1,876,000 after purchasing an additional 2,427 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of CF Industries in a research note on Friday, February 16th. Berenberg Bank increased their target price on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Piper Sandler cut their price target on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 7th. BMO Capital Markets cut their price target on CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Finally, Wolfe Research began coverage on CF Industries in a research report on Friday, March 1st. They set an “outperform” rating and a $99.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and a consensus target price of $85.00.

Insider Activity at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the business’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 value of $510,000.00. Following the completion of the sale, the executive vice president now directly owns 64,030 shares in the company, valued at $5,442,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is owned by company insiders.

CF Industries Stock Performance

Shares of NYSE:CF traded up $0.56 during trading on Friday, hitting $77.86. The stock had a trading volume of 1,916,583 shares, compared to its average volume of 2,068,310. The stock has a 50-day simple moving average of $78.40 and a two-hundred day simple moving average of $78.73. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 2.47 and a beta of 1.00. CF Industries Holdings, Inc. has a 12-month low of $65.75 and a 12-month high of $87.90.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.44). The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The firm’s 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. On average, equities research analysts expect that CF Industries Holdings, Inc. will post 5.24 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Tuesday, May 14th. CF Industries’s dividend payout ratio is currently 33.22%.

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.