State of Alaska Department of Revenue Sells 1,115 Shares of CF Industries Holdings, Inc. (NYSE:CF)

State of Alaska Department of Revenue trimmed its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,274 shares of the basic materials company’s stock after selling 1,115 shares during the quarter. State of Alaska Department of Revenue’s holdings in CF Industries were worth $2,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Brooklyn Investment Group raised its position in CF Industries by 26.9% during the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 122 shares in the last quarter. Ballentine Partners LLC boosted its position in CF Industries by 2.3% during the fourth quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company’s stock valued at $482,000 after buying an additional 127 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of CF Industries by 4.9% during the third quarter. Coldstream Capital Management Inc. now owns 2,883 shares of the basic materials company’s stock valued at $247,000 after buying an additional 135 shares during the last quarter. Greenleaf Trust increased its holdings in shares of CF Industries by 4.7% in the fourth quarter. Greenleaf Trust now owns 3,784 shares of the basic materials company’s stock worth $323,000 after buying an additional 169 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of CF Industries by 0.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock valued at $2,004,000 after acquiring an additional 179 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Ashraf K. Malik sold 7,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $90.78, for a total transaction of $635,460.00. Following the sale, the vice president now owns 22,211 shares of the company’s stock, valued at $2,016,314.58. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the transaction, the executive vice president now directly owns 92,486 shares of the company’s stock, valued at $8,878,656. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,389 shares of company stock worth $2,355,425. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

CF has been the topic of a number of analyst reports. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 16th. Redburn Atlantic initiated coverage on shares of CF Industries in a research note on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price on the stock. Piper Sandler increased their price target on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Royal Bank of Canada cut shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective on the stock. in a research report on Tuesday, January 21st. Finally, Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $96.00 to $100.00 in a report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $92.43.

CF Industries Stock Down 0.2 %

Shares of NYSE:CF opened at $83.96 on Monday. The firm has a market capitalization of $14.61 billion, a P/E ratio of 13.28, a P/E/G ratio of 0.39 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The stock has a 50 day moving average price of $89.44 and a 200-day moving average price of $85.10. CF Industries Holdings, Inc. has a 52-week low of $69.13 and a 52-week high of $98.25.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, February 14th. CF Industries’s dividend payout ratio is currently 31.65%.

CF Industries Company 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.