Cibc World Markets Corp Increases Stake in CF Industries Holdings, Inc. (NYSE:CF)

Cibc World Markets Corp grew its position in CF Industries Holdings, Inc. (NYSE:CF) by 284.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 94,564 shares of the basic materials company’s stock after buying an additional 69,968 shares during the period. Cibc World Markets Corp owned approximately 0.05% of CF Industries worth $8,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CF. Heck Capital Advisors LLC purchased a new position in CF Industries in the 4th quarter worth approximately $34,000. Brooklyn Investment Group purchased a new position in shares of CF Industries in the third quarter worth $39,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of CF Industries by 50.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 161 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of CF Industries during the fourth quarter valued at $44,000. Finally, Arlington Trust Co LLC increased its holdings in 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 in the last quarter. Institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CF shares. Royal Bank of Canada lowered their target price on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Scotiabank dropped their target price on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating on the stock in a report on Monday, February 24th. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price for the company in a research note on Monday, February 24th. Oppenheimer dropped their price target on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, The Goldman Sachs Group initiated coverage on CF Industries in a research report on Thursday, March 13th. They set a “neutral” rating and a $86.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $89.86.

Insider Buying and Selling

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the sale, the executive vice president now directly owns 92,486 shares in the company, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their position. The sale 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 dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the transaction, the vice president now directly owns 15,871 shares of the company’s stock, valued at $1,507,745. This trade represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,889 shares of company stock valued at $1,130,955. Corporate insiders own 0.42% of the company’s stock.

CF Industries Price Performance

NYSE CF opened at $76.37 on Wednesday. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.37 and a beta of 0.99. CF Industries Holdings, Inc. has a 12 month low of $69.13 and a 12 month high of $98.25. The company’s 50 day moving average is $85.06 and its two-hundred day moving average is $85.26. 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 (NYSE:CF) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is presently 29.54%.

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.