Mitsubishi UFJ Asset Management Co. Ltd. Buys 40,124 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in CF Industries Holdings, Inc. (NYSE:CF) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,201 shares of the basic materials company’s stock after buying an additional 40,124 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.17% of CF Industries worth $25,863,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CF. Heck Capital Advisors LLC bought a new position in shares of CF Industries in the 4th quarter worth approximately $34,000. Creative Financial Designs Inc. ADV raised its holdings in CF Industries by 50.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 161 shares in the last quarter. Asset Planning Inc purchased a new position in CF Industries during the fourth quarter valued at $44,000. Brooklyn Investment Group boosted its holdings in shares of CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock valued at $49,000 after buying an additional 122 shares in the last quarter. Finally, Arlington Trust Co LLC grew its position in shares of CF Industries by 422.0% in the 4th quarter. Arlington Trust Co LLC now owns 569 shares of the basic materials company’s stock worth $49,000 after buying an additional 460 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the sale, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $142,500.00. Following the sale, the executive vice president now directly owns 93,986 shares of the company’s stock, valued at $8,928,670. This represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,889 shares of company stock valued at $1,130,955 over the last ninety days. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CF shares. Piper Sandler lifted 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. The Goldman Sachs Group started coverage on CF Industries in a research report on Thursday, March 13th. They issued a “neutral” rating and a $86.00 price target on the stock. Scotiabank reduced their price objective on CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a research report on Monday, February 24th. Royal Bank of Canada dropped their target price on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $82.00 to $75.00 in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $89.86.

CF Industries Trading Down 0.8 %

CF Industries stock opened at $77.35 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The firm’s 50 day moving average price is $82.49 and its 200-day moving average price is $85.14. CF Industries Holdings, Inc. has a 1 year low of $69.13 and a 1 year high of $98.25. The stock has a market cap of $13.11 billion, a P/E ratio of 11.43, a PEG ratio of 0.37 and a beta of 0.99.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, equities analysts predict that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.59%. CF Industries’s dividend payout ratio (DPR) is presently 29.54%.

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.