Pitcairn Co. Sells 5,353 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Pitcairn Co. trimmed its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 38.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,471 shares of the basic materials company’s stock after selling 5,353 shares during the period. Pitcairn Co.’s holdings in CF Industries were worth $723,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Central Pacific Bank Trust Division purchased a new position in shares of CF Industries in the fourth quarter valued at about $74,000. Korea Investment CORP lifted its holdings in CF Industries by 88.5% in the 4th quarter. Korea Investment CORP now owns 150,374 shares of the basic materials company’s stock worth $12,830,000 after purchasing an additional 70,585 shares in the last quarter. National Pension Service boosted its stake in CF Industries by 2,848.4% in the 4th quarter. National Pension Service now owns 290,384 shares of the basic materials company’s stock worth $24,776,000 after purchasing an additional 280,535 shares during the period. SBI Securities Co. Ltd. purchased a new stake in CF Industries during the 4th quarter valued at approximately $51,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of CF Industries by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock valued at $494,202,000 after buying an additional 225,109 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Insider Activity

In other news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $142,500.00. Following the completion of the sale, the executive vice president now owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. The trade was a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,889 shares of company stock valued at $1,130,955. 0.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on CF. Barclays cut their target price on shares of CF Industries from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective for the company in a research report on Monday, February 24th. The Goldman Sachs Group assumed coverage on CF Industries in a research report on Thursday, March 13th. They issued a “neutral” rating and a $86.00 target price on the stock. Oppenheimer cut their price target on CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Finally, Piper Sandler upped their price objective on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus price target of $89.86.

CF Industries Stock Performance

Shares of NYSE:CF opened at $72.91 on Friday. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 0.37 and a beta of 0.84. The firm’s 50-day moving average is $80.94 and its 200 day moving average is $85.03.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating 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 firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Research analysts predict that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.74%. CF Industries’s dividend payout ratio (DPR) is 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.