Lester Murray Antman dba SimplyRich Purchases New Stake in CF Industries Holdings, Inc. (NYSE:CF)

Lester Murray Antman dba SimplyRich purchased a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,001 shares of the basic materials company’s stock, valued at approximately $256,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $82.00 to $75.00 in a report on Friday, January 24th. Bank of America downgraded CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target for the company. in a report on Wednesday, October 16th. Scotiabank reaffirmed a “sector underperform” rating and set a $88.00 price objective on shares of CF Industries in a research report on Friday, January 24th. Royal Bank of Canada lowered CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price on the stock. in a research report on Tuesday, January 21st. Finally, Barclays downgraded CF Industries from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $96.00 to $100.00 in a report on Tuesday, January 21st. Three equities 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 stock. According to MarketBeat, CF Industries presently has a consensus rating of “Hold” and a consensus target price of $92.43.

CF Industries Stock Performance

Shares of CF opened at $85.03 on Wednesday. The company’s 50 day simple moving average is $89.17 and its 200-day simple moving average is $85.27. CF Industries Holdings, Inc. has a 12-month low of $69.13 and a 12-month high of $98.25. The firm has a market cap of $14.80 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.39 and a beta of 0.98. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.35%. CF Industries’s dividend payout ratio is presently 31.65%.

Insider Activity

In other news, VP Ashraf K. Malik sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total value of $635,460.00. Following the transaction, the vice president now owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction on Wednesday, January 15th. The stock was 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 of the company’s stock, valued at approximately $8,878,656. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,389 shares of company stock valued at $2,355,425. Insiders own 0.42% of the company’s stock.

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.