Jennison Associates LLC Has $10.05 Million Stock Holdings in CF Industries Holdings, Inc. (NYSE:CF)

Jennison Associates LLC reduced its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 117,753 shares of the basic materials company’s stock after selling 659 shares during the period. Jennison Associates LLC owned about 0.07% of CF Industries worth $10,047,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. Central Pacific Bank Trust Division bought a new position in CF Industries during the fourth quarter valued at about $74,000. Kingsview Wealth Management LLC bought a new position in shares of CF Industries in the third quarter worth approximately $3,149,000. AMG National Trust Bank bought a new stake in shares of CF Industries during the 3rd quarter worth $887,000. Quantinno Capital Management LP grew its position in CF Industries by 118.7% in the third quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company’s stock worth $1,372,000 after acquiring an additional 8,679 shares in the last quarter. Finally, Swedbank AB increased its stake in CF Industries by 3.8% in the third quarter. Swedbank AB now owns 271,198 shares of the basic materials company’s stock valued at $23,269,000 after acquiring an additional 9,815 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Performance

Shares of NYSE:CF opened at $89.50 on Thursday. The firm’s 50 day simple moving average is $89.64 and its 200-day simple moving average is $84.83. The firm has a market cap of $15.58 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.74 and a beta of 0.97. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $98.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Friday, February 14th. CF Industries’s payout ratio is 31.65%.

Insider Activity at CF Industries

In related news, VP Ashraf K. Malik sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total transaction of $635,460.00. Following the completion of the transaction, the vice president now owns 22,211 shares of the company’s stock, valued at $2,016,314.58. This trade represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $142,500.00. Following the completion of the sale, the executive vice president now owns 93,986 shares in the company, valued at $8,928,670. The trade was a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,389 shares of company stock valued at $2,355,425 over the last quarter. 0.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CF has been the subject of a number of research reports. Royal Bank of Canada cut CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective for the company. in a report on Tuesday, January 21st. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. UBS Group raised their price objective on CF Industries from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Scotiabank reaffirmed a “sector underperform” rating and issued a $88.00 target price on shares of CF Industries in a research note on Friday, January 24th. Finally, Mizuho boosted their target price on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.43.

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.